Extreme Snowboards is a fictional company based in Bend, OR that manufactures and sells custom-crafted snowboards. Last year the company had sales exceeding $1,000,000. The company buys raw materials...

Transaction Processing System (TPS)
Introduction
“A Transaction Processing System (TPS) is a software that ensures that
a business transaction has been completed successfully and also at the
same time keeps track of transactions."
An online transaction processing system is an equivalent system that
online merchants use for e-commerce. A Transaction processing system
ensures that each transaction is successful by sending, receiving and
storing information via a database. The TPS provides a backbone to the
Business Point of Sale System (POS) which is responsible for reading
credit cards, printing receipts and accepting and storing cash.
An example of a Transaction Processing System (TPS) is when a
customer purchases something from a shop they might pay with a credit
card, In this scenario Transaction Processing System (TPS) is responsible
for taking customer card information, communicating with the bank,
approve or decline the purchase based on their account balance.
Transaction Processing System Types
There are 2 types of Transaction Processing Systems.
● Batch Processing - Through Batch processing, a Transaction
Processing System (TPS) interprets sets of batches or data by
grouping items based on similarities. It can cause some time delay
because it reviews several sets of data simultaneously.
For example - A customer pays subscription service each month, in
this scenario the TPS system will process the transaction as Batch as
the transaction is occurring at the same time each month.
● Real-Time Processing - Real-time processing is a method to
process transactions as they occur, there is no delay in this type of
processing.
For example - While doing an order on any e-commerce website the
transaction is completed before the company starts the fulfilment
process.
Extreme Snowboards UseCase
Transaction Processing System (TPS) can help in smoothing the business
and maintaining the revenue of Extreme Snowboards. It can also provide
ease to customers buying something from a shop or online store, as there
would be less hassle involved in the action of buying from customers and
action of selling from companies, this process becomes smooth and thus
helps in improving business qualities. Some of the advantages that
Extreme Snowboards can take by making use of Transaction Processing
Systems (TPS) include:
● Increased Transaction Speeds - By making the use of Transaction
Processing Systems (TPS), the speed of each transaction can be
increased and customers have to wait for minimal time for the
transaction completion.
● Increased Cost Efficiency - A Transaction Processing System
(TPS) can handle thousands of transactions very quickly and
accurately and can keep track of all the previous transactions as well,
which can be used to find potential customers for the future.
● Automated Management - If a company is making use of the
Transaction Processing System (TPS), then the employees of the
company do not have to worry about keeping eye on every
transaction that has been occurring, thus employees have to spend
much less time in reviewing transactions, therefore, employees can
focus on more important aspects of a business. Thus a Transaction
Processing System (TPS) helps in increasing the productivity of a
company and saves time and increases profitability.
Expert System Application (ES)
Introduction
Before talking about Expert system applications and how they can help in
increasing the business quality for Extreme Snowboards, Let’s first discuss
what are Expert System Applications anyway ?.
“Expert System is an interactive and reliable computer-based system that
makes use of facts and heuristics to provide decisions for a set of complex
decision-making problems.”
The whole purpose of an Expert System is to solve the most complex
decision-making issues in a specific domain.
Expert Systems (AI)
We can make use of Expert Systems in AI (Artificial Intelligence) to make
those complex decisions or to solve those complex issues that may require
a human expert to solve them. The fact is Expert Systems make use of a
Knowledge Base that has been acquired from some human expert in that
particular domain and based on that Knowledge Base, Expert Systems can
provide efficient outputs.
Some of the examples of Expert Systems that are currently being used are
given below.
● PXDES - This...