Decision Support Systems Decision support systems are interactive‚ computer-based systems that aid users in judgment and choice activities. They provide data storage and retrieval but enhance the traditional information access and retrieval functions with support for model building and model-based reasoning. They support framing‚ modeling‚ and problem solving. Typical application areas of DSSs are management and planning in business‚ health care‚ the military‚ and any area in which management will
Premium Supply chain management Logistics Management
l 1) "Standard setting is a political process ’. Explain and discuss. The essay is aim to explain why standard setting is a political process and discuss how political involvement affects the process of accounting standard setting. Accounting standard setting plays an important role in conveying users that how‚ when and where the financial information of a company is disclosed. Standards‚ particularly changes in standards‚ can have significant differential effects on companies‚ investors and
Premium International Financial Reporting Standards Financial statements Economics
COMPARATIVE LOAD FLOW ANALYSIS WITH L-L-L-G FAULT CONDITION Amit Kumar Yadav[1]‚ Rahul Arora[2]‚ Sachin Tiwari[3]‚ Shadma Khan[4]‚ Abhay Chaturvedi [5] [1][3][4] Oriental Institute Of Science and Technology‚ Bhopal‚ India [2][5] Nri Institute of Information Science and Technology‚ Bhopal‚ India [1] amitinrt@gmail.com
Premium Electric power transmission Control theory Electrical engineering
Monday June‚ 12 {L-Money$547} - Joined Chat Room (BDog-992) - Oh‚ hey Liza! What’s up? {L-Money$547} - Nothing much. I’m in Mrs. Margaret’s class rn. I really miss her because the sub is very rude and doesn’t know how to teach our class. (BDog-992) - Well I‚ Bellamy Blake‚ am not smart enough to have Mrs. Margaret this year. I did‚ however have her last year. I really liked her. I hope she’s back soon. {L-Money$547} - What do you think happened to her? (BDog-992) - Maybe she finally got to go on
Premium Debut albums Time English-language films
6.0 DECISION SUPPORT SYSTEMS A decision support system (DSS) is a computer-based information system that supports business or organizational decision-making activities. DSSs serve the management‚ operations‚ and planning levels of an organization and help to make decisions‚ which may be rapidly changing and not easily specified in advance. DSSs include knowledge-based systems. A properly designed DSS is an interactive software-based system intended to help decision makers compile useful information
Premium Decision support system Decision theory
10:35 AM Page 96 Chapter 4 DECISION ANALYSIS CONTENTS 4.1 PROBLEM FORMULATION Influence Diagrams Payoff Tables Decision Trees DECISION MAKING WITHOUT PROBABILITIES Optimistic Approach Conservative Approach Minimax Regret Approach DECISION MAKING WITH PROBABILITIES Expected Value of Perfect Information RISK ANALYSIS AND SENSITIVITY ANALYSIS Risk Analysis Sensitivity Analysis DECISION ANALYSIS WITH SAMPLE INFORMATION An Influence Diagram A Decision Tree Decision Strategy Risk Profile Expected
Premium Decision theory Decision tree
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
Premium Decision theory Decision making Decision support system
Many businesses are faced with situations that need critical analysis‚ compilation of raw data‚ circulation of precise documents and effective utilization of computer systems. Frito Lay is an example of a company who implemented various decision support systems (DSS) into their business model. A DSS is a “highly flexible and interactive IT system that is designed to support decision making when the problem is not structured.” (Haag‚ Cummins p.162) Managers require information to guide their organization
Premium Artificial intelligence Decision support system Decision theory
Methods of Analysis 1 Tonya Banks ACC281: Accounting Concepts for Health Care Professionals Methods of Analysis Keith Graham March 29‚ 2010 Methods of Analysis 2 Financial statements are records that provide information of an organization or business financial status and is a measurement of the fiscal or quarterly performance of a company. They are written evidence
Premium Balance sheet Financial statements Asset
3 – Decision Analysis 1 Decision analysis is concerned with establishing systematic procedures for making decisions under uncertainty. Knowledge of decision analysis should help analyze a problem in a complicated and uncertain setting‚ to develop alternatives‚ and to identify possible outcomes. The decision maker then selects the alternative that best meets his or her objectives and psychological desires. Decision analysis is important because it provides decision makers with a rational way
Premium Decision theory Decision making