Logic Programming as a Paradigm for Financial Modeling

Logic programming is investigated as a vehicle for structuring and implementing decision support systems, with particular attention paid to those dealing with financial modeling. This approach to model building, analyzing, and interfacing is compared to currently popular paradigms such as spreadsheet systems and financial modeling languages. The logic programming approach is shown to subsume these in expressive power and permit the incorporation of important capabilities not currently available. Examples operationalizing some of the concepts using the logic programming language Prolog are given.