an information model for pension strongfund managementstrong oleksandra.pdfVIP

International Book Series Information Science and Computing 41 AN INFORMATION MODEL FOR PENSION FUND MANAGEMENT Oleksandra Putyatina Abstract: In this paper the issues of Ukrainian new three-level pension system are discussed. First, the paper presents the mathematical model that allows calculating the optimal size of contributions to the non-state pension fund. Next, the non-state pension fund chooses an Asset Management Company. To do so it is proposed to use an approach based on Kohonen networks to classify asset management companies that work in Ukrainian market. Further, when the asset management company is chosen, it receives the pension contributions of the participants of the non-pension fund. Asset Management Company has to invest these contributions profitably. This paper proposes an approach for choosing the most profitable investment project using decision trees. The new pension system has been lawfully ratified only four years ago and is still developing, that is why this paper is very important. Keywords: Information system, Pension System, Non-state pension fund, Assets, Liabilities, Decision Tree, Clustering, Kohonen network, Asset Management Company ACM Classification Keywords: H.1 Models and principles th Conference: The paper is selected from XIV International Conference Knowledge-Dialogue-Solution KDS 2008, Varna, Bulgaria, June-July 2008 Introduction Four years ago Ukrainian former pension system was transferred into a new one. The new pension system is three-level like in many countries of Western Europe. One of the most important and underdeveloped parts of the new pension system is non-state pension funds. These pension funds are nowadays not ver