Decision Support Systems

Topics: Decision support system, Decision theory, Decision engineering Pages: 3 (857 words) Published: October 8, 1999
Decision Support Systems (DSS)

A Decision Support System (DSS) is an information system at the management level of an organization that combines data, analytical tools, and models to support semistructured and unstructured decision-making. A DSS can handle low volume or massive databases optimized for data analysis. DSS has more power than other systems. They are built explicitly with a variety of models to analyze data or they condense large amounts of data into a form where they can be analyzed by decision-makers. DSS are designed so that the user can work with them directly. In the proceeding paragraphs I will give examples of some decision support systems and how they are being used. Integrated Decision Support Corporation (IDSC) is a company that provides decision support software to the truckload transportation industry. IDSC focuses on providing superior decision making software by creating state of the art optimization algorithms. IDSC released a product called NETWISE 3.0 in response to shippers requesting packaged and conditional bids, carriers having a difficult time selecting the lanes that compliment their current network, and determining the dedicated opportunities within a bid. NETWISE 3.0 are a decision support tool used in the analysis of profitability, pricing, and network balance. Companies were having a problem of having their carriers spend countless hours of manpower responding to single bid. NETWISE 3.0 addresses this issue by providing them with an enterprise software package that provides the with the same opportunities as the shipper. IDSC solved the problem of having the carrier determine how to price a lane so that it appears attractive to the shipper and yet still be profitable. During the bid preparation process, NETWISE utilizes a data correction engine that provides an intelligent search for city names and postal codes. Overall NETWISE provides users with a tool that significantly reduces the amount of time required to...
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