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          Conference Introduction       


 

The expanding range of global competition, coupled with the growing volumes of complex data in companies after having spent the last decade implementing Enterprise Resource Planning (ERP), have forced businesses and academics alike to turn to sophisticated technologies for solutions. Business intelligence plays ever-increasingly important roles in companies to obtain the competitive advantages. The marriage between the cutting-edge business intelligence technology and traditional topics of finance and economics has resulted in the field of financial engineering. Accordingly, financial engineering as a cross-disciplinary field relies on mathematical finance, intelligent methods and computer simulations to make trading, hedging and investment decisions, as well as facilitating the risk management of those decisions, and thus strengthening the competitive capability of companies. To promote the theoretical development and exchange of Business Intelligence and Financial Engineering, the First, Second, Third and Fourth International Conference on Business Intelligence and Financial Engineering (BIFE 2008, BIFE 2009, BIFE 2010  and BIFE 2011) was held at Changsha University of Science & Technology, Changsha and Academy of Mathematics and Systems Science of Chinese Academy of Sciences (CAS), Beijing, City University of Hong Kong, and Huazhong Normal University, Wuhan, China on October 28-30, 2008, July 24-26, 2009, August 13-15, 2010  and October 17-18, 2011.

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In order to strengthen academic exchanges and discussions on the fields of Business Intelligence and Financial Engineering, The Fifth International  Conference on Business Intelligence and Financial Engineering (BIFE 2012) will be held on August 18-21, 2010 in Lanzhou and Tunhuang, Gansu Proviance, China. It provides Four-day forum on Business Intelligence and Financial Engineering. The theme of the BIFE 2012 is ˇ°Intelligent Computing and Computational Financeˇ±. Concurrent sessions and a poster session will cover a wide range of topics and issues, including both contributed papers and special sessions/workshops developed on specific topics, all with a central focus of Business Intelligence and Financial Engineering.

The main purposes of the Fifth International Conference on Business Intelligence and Financial Engineering (BIFE 2012) are to exchange information and ideas on business intelligence and financial engineering, to promote a higher academic level of business intelligence and financial engineering, and meantime to provide an international forum for experts from academia in the field of business intelligence and financial engineering from universities throughout the world, as well as business practitioners and senior management from industries can discuss current focus problems, new modeling approaches and future alternative solutions as well as a growing number of novel applications.

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