Bitcoin’s Crypto Currency: An Analysis from Operational Research and Information Management
Objective: This article focuses on an analysis that interrelates elements of information management with aspects of operations research, with the intention of demonstrating how the behavior of the Bitcoin crypto currency can be predicted. Methods/Statistical Analysis: Initially, Bitcoin crypto curre...
- Autores:
-
Vásquez Rizo, Fredy Eduardo
Perafán-Chacón, Luis Ernesto
Gabalan Coello, Jesus
- Tipo de recurso:
- Article of journal
- Fecha de publicación:
- 2019
- Institución:
- Universidad Autónoma de Occidente
- Repositorio:
- RED: Repositorio Educativo Digital UAO
- Idioma:
- eng
- OAI Identifier:
- oai:red.uao.edu.co:10614/11574
- Acceso en línea:
- http://hdl.handle.net/10614/11574
- Palabra clave:
- Bitcoin
Cryptocurrency
Operations research
Business - Decision making
Criptomoneda
Investigación operacional
Negocios - Toma de decisiones
Added Value
Bitcoin Crypto Currency
Information Management
Markov Chains
Operations Research
- Rights
- openAccess
- License
- Derechos Reservados - Universidad Autónoma de Occidente
| id |
REPOUAO2_ecada4bbae304a91eab3370c07486595 |
|---|---|
| oai_identifier_str |
oai:red.uao.edu.co:10614/11574 |
| network_acronym_str |
REPOUAO2 |
| network_name_str |
RED: Repositorio Educativo Digital UAO |
| repository_id_str |
|
| dc.title.eng.fl_str_mv |
Bitcoin’s Crypto Currency: An Analysis from Operational Research and Information Management |
| title |
Bitcoin’s Crypto Currency: An Analysis from Operational Research and Information Management |
| spellingShingle |
Bitcoin’s Crypto Currency: An Analysis from Operational Research and Information Management Bitcoin Cryptocurrency Operations research Business - Decision making Criptomoneda Investigación operacional Negocios - Toma de decisiones Added Value Bitcoin Crypto Currency Information Management Markov Chains Operations Research |
| title_short |
Bitcoin’s Crypto Currency: An Analysis from Operational Research and Information Management |
| title_full |
Bitcoin’s Crypto Currency: An Analysis from Operational Research and Information Management |
| title_fullStr |
Bitcoin’s Crypto Currency: An Analysis from Operational Research and Information Management |
| title_full_unstemmed |
Bitcoin’s Crypto Currency: An Analysis from Operational Research and Information Management |
| title_sort |
Bitcoin’s Crypto Currency: An Analysis from Operational Research and Information Management |
| dc.creator.fl_str_mv |
Vásquez Rizo, Fredy Eduardo Perafán-Chacón, Luis Ernesto Gabalan Coello, Jesus |
| dc.contributor.author.none.fl_str_mv |
Vásquez Rizo, Fredy Eduardo Perafán-Chacón, Luis Ernesto Gabalan Coello, Jesus |
| dc.subject.armarc.eng.fl_str_mv |
Bitcoin Cryptocurrency Operations research Business - Decision making |
| topic |
Bitcoin Cryptocurrency Operations research Business - Decision making Criptomoneda Investigación operacional Negocios - Toma de decisiones Added Value Bitcoin Crypto Currency Information Management Markov Chains Operations Research |
| dc.subject.armarc.spa.fl_str_mv |
Criptomoneda Investigación operacional Negocios - Toma de decisiones |
| dc.subject.proposal.eng.fl_str_mv |
Added Value Bitcoin Crypto Currency Information Management Markov Chains Operations Research |
| description |
Objective: This article focuses on an analysis that interrelates elements of information management with aspects of operations research, with the intention of demonstrating how the behavior of the Bitcoin crypto currency can be predicted. Methods/Statistical Analysis: Initially, Bitcoin crypto currency is characterized (price history, behavior in the market, variation over a period of time, etc.). Then, the data and information collected are applied to two techniques associated with operations research: Markov Chains and Queue Theory. Finally, the information that has emerged is transformed into valuable knowledge based on an information management process. Findings: This research demonstrates how techniques associated with operations research and information management (quantitative analysis and qualitative analysis) can be combined to characterize an object or process, capture data and information associated with it, predict its behavior and transform that information into a knowledge that generates added value, allowing the right decision making, in a specific context. In this way, it is possible to demonstrate how Bitcoin crypto currency is a really stable resource and an asset capable of supporting and transferring value in current and future markets, with a constant upward trend and a behavior very similar to that of conventional currency. Application/Improvements: This analysis establishes that no matter how complex or novel an object or process may be, it can be studied with tools such as these. The key is to implement them in other contexts |
| publishDate |
2019 |
| dc.date.accessioned.none.fl_str_mv |
2019-11-26T15:39:23Z |
| dc.date.available.none.fl_str_mv |
2019-11-26T15:39:23Z |
| dc.date.issued.none.fl_str_mv |
2019-07 |
| dc.type.spa.fl_str_mv |
Artículo de revista |
| dc.type.coar.fl_str_mv |
http://purl.org/coar/resource_type/c_2df8fbb1 |
| dc.type.coarversion.fl_str_mv |
http://purl.org/coar/version/c_970fb48d4fbd8a85 |
| dc.type.coar.eng.fl_str_mv |
http://purl.org/coar/resource_type/c_6501 |
| dc.type.content.eng.fl_str_mv |
Text |
| dc.type.driver.eng.fl_str_mv |
info:eu-repo/semantics/article |
| dc.type.redcol.eng.fl_str_mv |
http://purl.org/redcol/resource_type/ARTREF |
| dc.type.version.eng.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
| format |
http://purl.org/coar/resource_type/c_6501 |
| status_str |
publishedVersion |
| dc.identifier.issn.spa.fl_str_mv |
0974-5645 (en línea) 0974-6846 (impresa) |
| dc.identifier.uri.none.fl_str_mv |
http://hdl.handle.net/10614/11574 |
| identifier_str_mv |
0974-5645 (en línea) 0974-6846 (impresa) |
| url |
http://hdl.handle.net/10614/11574 |
| dc.language.iso.eng.fl_str_mv |
eng |
| language |
eng |
| dc.relation.citationissue.none.fl_str_mv |
26 |
| dc.relation.citationvolume.none.fl_str_mv |
12 |
| dc.relation.cites.eng.fl_str_mv |
Gabalán-Coello, J., Vásquez-Rizo, F. E., & Perafán-Chacón, L. E. (2019). Bitcoin’s Crypto Currency: An Analysis from Operational Research and Information Management. Indian Journal of Science and Technology, 12, 26 |
| dc.relation.ispartofjournal.eng.fl_str_mv |
Indian journal of Science and Technology |
| dc.relation.references.none.fl_str_mv |
Rodríguez-Muñoz JV, Martínez-Méndez FJ, Pastor-Sánchez JA. The ecosystem of information retrieval, Information Research: An International Electronic Journal. 2012; 17(4):1−20 Vasquez-Rizo FE, Rodríguez-Muñoz JV, Gómez-Hernández JA. La gestión de información para medir la capacidad investigadora en una institución de educación superior [Information management to measure the research capacity of a higher education institution], Revista Espacios. 2019; 40(8):18−30 Goh SC. Managing effective knowledge transfer: An integrative framework and some practice implications, Journal of Knowledge Management. 2006; 6(1):23−30. https://doi.org/10.1108/13673270210417664. Morales JT. De la búsqueda de la verdad a la gestión del conocimiento: la Universidad del siglo XXI [Search of truth to knowledge management: University of XXI century], Paradigma. 2014; 35(2):7−27 Ríos-Mercado RZ, González-Velarde JL. Investigación de operaciones en acción: Heurísticas para la solución del TSP [Investigation of operations in action: Heuristics for the solution of the TSP], Ingenierías. 2001; 3(9):15−20 Gorbaneff Y. Teoría de Juegos aplicable en Administración [Game Theory as applied to Administration], Innovar: Revista de Ciencias Administrativas y Sociales. 2002; 20:35−44 Dimitri N. The blockchain technology: Some theory and applications. Maastricht School of Management: Maastricht; 2017 Cui Z, Lee C, Liu Y. Single-transform formulas for pricing Asian options in a general approximation framework under Markov process, European Journal of Operational Research. 2018; 266(3):1134−39. https://doi.org/10.1016/j.ejor.2017.10.049 Gil-López AJ, Carrillo-Gamboa FJ. Knowledge transfer and the learning process in Spanish wineries, Knowledge Management Research and Practice. 2016; 14(1):60−68. https://doi.org/10.1057/kmrp.2014.12 Fisher B. Meet the Bitcoin, Dig into History. 2015 April; 17(4):33−35 Eyal I, Gün-Sirer E. Majority am not enough: Bitcoin mining is vulnerable, Communications of the ACM. 2018; 61(7):95−102. https://doi.org/10.1145/3212998. Bitcoin (BTC). CoinGecko. Date accessed: 28/11/2018. https://www.coingecko.com/es/tabla_de_precios/bitcoin/usd. |
| dc.rights.spa.fl_str_mv |
Derechos Reservados - Universidad Autónoma de Occidente |
| dc.rights.coar.fl_str_mv |
http://purl.org/coar/access_right/c_abf2 |
| dc.rights.uri.eng.fl_str_mv |
https://creativecommons.org/licenses/by-nc-nd/4.0/ |
| dc.rights.accessrights.eng.fl_str_mv |
info:eu-repo/semantics/openAccess |
| dc.rights.creativecommons.spa.fl_str_mv |
Atribución-NoComercial-SinDerivadas 4.0 Internacional (CC BY-NC-ND 4.0) |
| rights_invalid_str_mv |
Derechos Reservados - Universidad Autónoma de Occidente https://creativecommons.org/licenses/by-nc-nd/4.0/ Atribución-NoComercial-SinDerivadas 4.0 Internacional (CC BY-NC-ND 4.0) http://purl.org/coar/access_right/c_abf2 |
| eu_rights_str_mv |
openAccess |
| dc.format.eng.fl_str_mv |
application/pdf |
| dc.format.extent.eng.fl_str_mv |
10 páginas |
| dc.publisher.eng.fl_str_mv |
Indian Society of Education and Environment |
| institution |
Universidad Autónoma de Occidente |
| bitstream.url.fl_str_mv |
https://red.uao.edu.co/bitstreams/dd814587-9078-4240-93ab-eacc06c45f10/download https://red.uao.edu.co/bitstreams/1846bca9-d48a-4fd3-a469-b71709341cea/download https://red.uao.edu.co/bitstreams/2da67769-566a-4cf0-bc95-4f1a9f3ba87d/download https://red.uao.edu.co/bitstreams/65c3a46a-0110-4837-aca0-7b4ec47cfc5c/download https://red.uao.edu.co/bitstreams/30176673-6621-4586-869f-8dce8c6a6e6d/download |
| bitstream.checksum.fl_str_mv |
4460e5956bc1d1639be9ae6146a50347 20b5ba22b1117f71589c7318baa2c560 f941b7b363538de91cbb0c256e7aebc4 274ad83777f160e6526d2050e01a5388 f50a6f65ef9aa667fbdb71fec30be47b |
| bitstream.checksumAlgorithm.fl_str_mv |
MD5 MD5 MD5 MD5 MD5 |
| repository.name.fl_str_mv |
Repositorio Digital Universidad Autonoma de Occidente |
| repository.mail.fl_str_mv |
repositorio@uao.edu.co |
| _version_ |
1814260236391809024 |
| spelling |
Vásquez Rizo, Fredy Eduardovirtual::5043-1Perafán-Chacón, Luis Ernestod75f2b75df0b991317a13ea08abbef3bGabalan Coello, Jesus9977752e6d5b90ce7dfb20b9d402b4352019-11-26T15:39:23Z2019-11-26T15:39:23Z2019-070974-5645 (en línea)0974-6846 (impresa)http://hdl.handle.net/10614/11574Objective: This article focuses on an analysis that interrelates elements of information management with aspects of operations research, with the intention of demonstrating how the behavior of the Bitcoin crypto currency can be predicted. Methods/Statistical Analysis: Initially, Bitcoin crypto currency is characterized (price history, behavior in the market, variation over a period of time, etc.). Then, the data and information collected are applied to two techniques associated with operations research: Markov Chains and Queue Theory. Finally, the information that has emerged is transformed into valuable knowledge based on an information management process. Findings: This research demonstrates how techniques associated with operations research and information management (quantitative analysis and qualitative analysis) can be combined to characterize an object or process, capture data and information associated with it, predict its behavior and transform that information into a knowledge that generates added value, allowing the right decision making, in a specific context. In this way, it is possible to demonstrate how Bitcoin crypto currency is a really stable resource and an asset capable of supporting and transferring value in current and future markets, with a constant upward trend and a behavior very similar to that of conventional currency. Application/Improvements: This analysis establishes that no matter how complex or novel an object or process may be, it can be studied with tools such as these. The key is to implement them in other contextsapplication/pdf10 páginasengIndian Society of Education and EnvironmentDerechos Reservados - Universidad Autónoma de Occidentehttps://creativecommons.org/licenses/by-nc-nd/4.0/info:eu-repo/semantics/openAccessAtribución-NoComercial-SinDerivadas 4.0 Internacional (CC BY-NC-ND 4.0)http://purl.org/coar/access_right/c_abf2Bitcoin’s Crypto Currency: An Analysis from Operational Research and Information ManagementArtículo de revistahttp://purl.org/coar/resource_type/c_6501http://purl.org/coar/resource_type/c_2df8fbb1Textinfo:eu-repo/semantics/articlehttp://purl.org/redcol/resource_type/ARTREFinfo:eu-repo/semantics/publishedVersionhttp://purl.org/coar/version/c_970fb48d4fbd8a85BitcoinCryptocurrencyOperations researchBusiness - Decision makingCriptomonedaInvestigación operacionalNegocios - Toma de decisionesAdded ValueBitcoin Crypto CurrencyInformation ManagementMarkov ChainsOperations Research2612Gabalán-Coello, J., Vásquez-Rizo, F. E., & Perafán-Chacón, L. E. (2019). Bitcoin’s Crypto Currency: An Analysis from Operational Research and Information Management. Indian Journal of Science and Technology, 12, 26Indian journal of Science and TechnologyRodríguez-Muñoz JV, Martínez-Méndez FJ, Pastor-Sánchez JA. The ecosystem of information retrieval, Information Research: An International Electronic Journal. 2012; 17(4):1−20Vasquez-Rizo FE, Rodríguez-Muñoz JV, Gómez-Hernández JA. La gestión de información para medir la capacidad investigadora en una institución de educación superior [Information management to measure the research capacity of a higher education institution], Revista Espacios. 2019; 40(8):18−30Goh SC. Managing effective knowledge transfer: An integrative framework and some practice implications, Journal of Knowledge Management. 2006; 6(1):23−30. https://doi.org/10.1108/13673270210417664.Morales JT. De la búsqueda de la verdad a la gestión del conocimiento: la Universidad del siglo XXI [Search of truth to knowledge management: University of XXI century], Paradigma. 2014; 35(2):7−27Ríos-Mercado RZ, González-Velarde JL. Investigación de operaciones en acción: Heurísticas para la solución del TSP [Investigation of operations in action: Heuristics for the solution of the TSP], Ingenierías. 2001; 3(9):15−20Gorbaneff Y. Teoría de Juegos aplicable en Administración [Game Theory as applied to Administration], Innovar: Revista de Ciencias Administrativas y Sociales. 2002; 20:35−44Dimitri N. The blockchain technology: Some theory and applications. Maastricht School of Management: Maastricht; 2017Cui Z, Lee C, Liu Y. Single-transform formulas for pricing Asian options in a general approximation framework under Markov process, European Journal of Operational Research. 2018; 266(3):1134−39. https://doi.org/10.1016/j.ejor.2017.10.049Gil-López AJ, Carrillo-Gamboa FJ. Knowledge transfer and the learning process in Spanish wineries, Knowledge Management Research and Practice. 2016; 14(1):60−68. https://doi.org/10.1057/kmrp.2014.12Fisher B. Meet the Bitcoin, Dig into History. 2015 April; 17(4):33−35Eyal I, Gün-Sirer E. Majority am not enough: Bitcoin mining is vulnerable, Communications of the ACM. 2018; 61(7):95−102. https://doi.org/10.1145/3212998.Bitcoin (BTC). CoinGecko. Date accessed: 28/11/2018. https://www.coingecko.com/es/tabla_de_precios/bitcoin/usd.Publicationde9588ce-124a-4069-a8f5-5aaba67a1b62virtual::5043-1de9588ce-124a-4069-a8f5-5aaba67a1b62virtual::5043-1https://scholar.google.es/citations?user=55g9LTYAAAAJ&hl=esvirtual::5043-10000-0003-1398-6174virtual::5043-1https://scienti.minciencias.gov.co/cvlac/visualizador/generarCurriculoCv.do?cod_rh=0000675962virtual::5043-1CC-LICENSElicense_rdflicense_rdfapplication/rdf+xml; charset=utf-8805https://red.uao.edu.co/bitstreams/dd814587-9078-4240-93ab-eacc06c45f10/download4460e5956bc1d1639be9ae6146a50347MD52LICENSElicense.txtlicense.txttext/plain; charset=utf-81665https://red.uao.edu.co/bitstreams/1846bca9-d48a-4fd3-a469-b71709341cea/download20b5ba22b1117f71589c7318baa2c560MD53ORIGINALBitcoins cryptocurrency an analysis from Operational Research and Information Management.pdfBitcoins cryptocurrency an analysis from Operational Research and Information Management.pdfTexto archivo completo del artículo de revista, PDFapplication/pdf2534363https://red.uao.edu.co/bitstreams/2da67769-566a-4cf0-bc95-4f1a9f3ba87d/downloadf941b7b363538de91cbb0c256e7aebc4MD54TEXTBitcoins cryptocurrency an analysis from Operational Research and Information Management.pdf.txtBitcoins cryptocurrency an analysis from Operational Research and Information Management.pdf.txtExtracted texttext/plain34543https://red.uao.edu.co/bitstreams/65c3a46a-0110-4837-aca0-7b4ec47cfc5c/download274ad83777f160e6526d2050e01a5388MD55THUMBNAILBitcoins cryptocurrency an analysis from Operational Research and Information Management.pdf.jpgBitcoins cryptocurrency an analysis from Operational Research and Information Management.pdf.jpgGenerated Thumbnailimage/jpeg15946https://red.uao.edu.co/bitstreams/30176673-6621-4586-869f-8dce8c6a6e6d/downloadf50a6f65ef9aa667fbdb71fec30be47bMD5610614/11574oai:red.uao.edu.co:10614/115742024-03-18 09:50:59.733https://creativecommons.org/licenses/by-nc-nd/4.0/Derechos Reservados - Universidad Autónoma de Occidenteopen.accesshttps://red.uao.edu.coRepositorio Digital Universidad Autonoma de Occidenterepositorio@uao.edu.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 |