FALL 2011 Decision Support System and Managerial Decision Making Prof. Hassan Qudrat-Ullah Due Date: December 8‚ 2011 By: Farazeh Khalid Mian Abhishek Sahi Table of Contents SECTION NUMBER | SECTION NAME | PAGE NUMBER | | Abstract | 3 | 11.11.2 | IntroductionWhat is decision making? What is a Decision Support System? | 3‚ 44‚ 5‚ 6 | 22.12.22.3 | Literature Review DSS in the business environmentImportant attributes of the Decision Support SystemCapabilities
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For what decisions would estimated cost information be useful if you were a hospital administrator? The Director of a Cinema hall? The Marketing vice president of a bank? Cost information is the information about the different costs that are incurred in the operation of the organization or a business process. Here the cost includes all cost like material cost‚ labor costs‚ and all other overhead costs that are incurred depending on the type of business they operates. The
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Conceptual Framework Cost Accounting Cost accounting‚ as a tool of management‚ provides management with detailed records of the costs relating to products‚ operations or functions. Cost accounting refers to the process of determining and accumulating the cost of some particular product or activity. It also covers classification‚ analysis and interpretation of costs. The cost so determined and accumulated may be the estimated future costs for planning purposes‚ or actual (historical) costs for evaluating
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Two common costing systems used in business are traditionally cost accounting system (job costing‚ process costing and operating costing) and activity-based costing system (ABC). There are some similarities and differences between these systems. Regarding the similarities‚ both accumulate product costs throughout the production process and assign those costs to individual units of production. Additionally‚ product cost under two costing systems consists of direct materials‚ direct labor and manufacturing
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Preparation Resources Module 9: Information systems and decision support systems Overview This module looks at information systems in the context of business management‚ and explores the key aspects of the various types of decision support systems. It begins with an introduction to the three types of management decision support systems — management information systems (MIS) (operational)‚ decision support systems (DSS) (tactical)‚ and executive support systems (ESS) (strategic). The functions
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1. What does the word processing in data processing mean? 2. Give three examples in which raw data also serves as useful information. 3. Give three business examples(not mentioned in the text) of data that must be processed to provide useful information.1. What does the word processing in data processing mean? 2. Give three examples in which raw data also serves as useful information. 3. Give three business examples(not mentioned in the text) of data that must be processed to provide
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CONTENTS 1.0 INTRODUCTION 2 1.1 The ARB Apex Bank 2 1.2 ARB APEX BANK SECVICES 3 1.3 DECISION SUPPORT MODEL ONE 5 1.4 DECISION SUPPORT MODEL TWO 9 1.5 LOCATION WORKSHEET 9 1.6 CONCLUSION 11 1.7 REFERENCEKERENCES 12 TABLE OF FIGURES FIG 2.1 AN ISSUE LOG MODEL FOR CUSTOMERS Error! Bookmark not defined. FIG 2.2 SAMPLE ISSUE LOG…………………………………………………………………..9 LIST OF TABLES. TABLE 1.1Factors to consider before selection of location………………………………….12
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MANAGERIAL AND COST ACCOUNTING LARRY M. WALTHER & CHRISTOPHER J. SKOUSEN DOWNLOAD FREE TEXT BOOKS AT BOOKBOON.COM Managerial and Cost Accounting © 2009 Larry M. Walther‚ under nonexclusive license to Christopher J. Skousen & Ventus Publishing ApS. All material in this publication is copyrighted‚ and the exclusive property of Larry M. Walther or his licensors (all rights reserved). ISBN 978-87-7681-491-5 Download free books at BookBooN.com 2 Managerial and Cost Accounting
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Different types of business informaiton‚ their sources and purposes Business information comes from a wide variety of sources and an effective business person will research information from a range of sources before making decisions. Business information is one of the three main segments of the information industry. The other two segments are scientific‚ technical and medical‚ and educational and training content. Verbal information is literally face to face which is seen as the best way to
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MANAGERIAL DECISION MAKING The business executive is by profession a decision maker. Uncertainty is his opponent. Overcoming it is his mission. John McDonald TOPIC OUTLINE * Characteristics of Managerial Decisions * The Stages of Decision Making * The Best Decision * Barriers to Effective Decision Making * Decision Making in Groups * Managing Group Decision Making * Organizational Decision Making * Techniques in Decision Making ADDITIONAL TOPICS
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