Logic Programming as a Paradigm for Financial Modeling: A Comment.

CORPORATE finance data processing; LOGIC programming; MINCH, R. P.; ELECTRONIC spreadsheets; COMPUTERS in business; ACCOUNTING software; EXPERT systems; DECISION support systems; PORTFOLIO management (Investments); FINANCE software; COMPUTER software

The article presents a commentary on the paper "Logic Programming as a Paradigm for Financial Modeling," by R. P. Minch. In his paper Minch finds certain key limitations of spreadsheets and modeling systems. Minch argued that logic programming is substantially superior to existing systems. The authors point out that he failed to identify the problems associated with logical programming. The authors contend that Minch ignored the nature of the model builder in his analysis and the nature of much model building.