Overview
The Interactive Financial Planning System (abbreviated Visual IFPS /Plus) was originally developed in the early 1970's by Dr. Gerald R. Wagner (then a professor at The University of Texas at Austin) and his students. Its original impetus came from the desire to model risk in a way that could be easily understood by executives. The implementation that resulted is a general - purpose financial panning language that is particularly user friendly. Since then, Visual EFPS / Plus has been developed further and marketed by COMSHARE, Incorporated of Ann Arbor, Michigan, and has been widely adopted in both industry and universities.Synopsis
Based on his experience with the Interactive FinancialPlanning System the author provides readers and professionals with this“user friendly” approach that facilitates learning of the VisualIFPS/Plus language. This book offers novicesstep–by–step instruction of the language and, at the same time,offers more experienced users numerous new capabilities for the language. Itintroduces modeling and decision support systems, fundamental tounderstanding the Visual IFPS/Plus modeling language; provides models,increasing in complexity as the chapters progress, that demonstrate how towrite, manipulate, and obtain desired, financial planning results in VisualIFPS/Plus language; focuses on explanatory features of the language thatsupport decision making and improve communication based on model output;illustrates the wide range of applications, taken from the disciplines offinance, statistics, and operations management, and the advancedcomputational features for which the language can be utilized.