ASSIGNMENT OF INFORMATION SYSTEM AND ADMINISTRATION NAME : QUDSIA AZEEM CLASS: BBA 3B DATE : 27-3-2013 JINNAH UNIVERSITY FOR WOMEN SUMMARY OF THE ARTICLE DECISION SUPPORT SYSTEMS AND WEB TECHNOLOGIES: A STATUS REPORT DECISION SUPPORT SYSTEMS‚ WORLD-WIDE WEB‚ DATA DRIVEN DSS‚ MODEL-DRIVEN DSS‚ IMPLEMENTATION. Introduction to DSS: A decision support system (DSS) is a computer-based information system that supports business or organizational decision-making activities. DSSs serve the management
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The question we where asked by Professor Gilbertson‚ was to focus on a decision and evaluate it using any two of the following biases that where listed below. I chose availability heuristic biases related to representative heuristic. The availability heuristic is based upon convenience.The simplest heuristic to us is based upon available memory(Tversky and Kahnemann‚1973).What people remember will often guide their decision. Like anyone who has touched a hot stove will remember to avoid repeating
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1. StillWater Mining Company a) Interest Rate 12% Price per ounce $ 1‚500.00 Cost per ounce $ 400.00 Total ounces a year 10‚000 Profit per ounce $ 1‚100 Revenue per year $ 15‚000‚000.00 Cost per year $ 4‚000‚000.00 Profit per year $ 11‚000‚000.00 Every year for the next 10 years‚ the firm earns a profit of $11 Million. The cash flow (in $ Million) is shown below: Year T T+1 T+2 T+3 T+4 T+5 T+6 T+7 T+8 T+9 Profit 11 11 11 11 11 11 11 11 11 11 Using NPV formula‚ we find NPV=$62
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Compare the characteristics of a management information system and a decision support system. Why are decision support systems suited for executive decision making? Why must an executive support system be flexible and easy to use? Both management information systems and decision support systems generate information that help make daily decisions within a business that are fast and efficient to produce productivity. Decision support systems are suited for executives because executives make
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PROGRAMME STRUCTURE FOR IIPM (C) & ISBE (PG) S No Subject Credit 1. Economics for Managerial Decision Making - II 2 2. Executive Communication 2 3. Financial Management 3 4. Human Resource Management 2 5. Operations & Optimization Research 3 6. Management Information System & KM 3 7. National Economic Planning (Theory & Presentation) 3 8. Sales Management 2 Total Credits 20 IMPORTANT NOTE All the students of IIPM (C) & ISBE (PG) will study all the eight papers indicated in our course
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| |Assignment - 1 | |ISQS-5230 - Decision Theory | |
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Economics for Managerial Decision Making Dannielle Strupler ECO - 561 Economics – Puerto Rico University Of Phoenix September 18‚ 2012 Dr. Wanda Marrero‚ Ph.D. Economics for Managerial Decision Making Decision making is amongst the main functions of managers within the business world today; even more particularly during these times
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Reported Speech Table for change in tense of reported speech (Statements) The tense changes into the corresponding past. Direct Indirect/ Reported Simple Present tense Simple Past Tense Present Continuous tense Past Continuous tense Present Perfect tense Past Perfect tense Present Perfect Continuous tense Past Perfect Continuous tense Simple Past tense Past Perfect Past Continuous tense Past Perfect Continuous tense Past Perfect Past Perfect Simple Future (will) would Future continuous
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FUNCTIONS PLANNING AND MANAGERIAL DECISION-MAKING A TOPIC PRESENTATION IN PARTIAL FULFILLMENT OF THE REQUIREMENTS IN MGT. 201 (THEORY AND PRACTICE OF MANAGEMENT) MANAGEMENT 201 GROUP II OUTLINE OF REPORT PLANNING Part I 1. Overview of Goals & Plans‚ their Purpose a. What is a Goal? b. What is a Plan? c. What is Planning? 2. Level of Goals and Plans and their importance. 3. Purposes of Goals and Plans.
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Judgment in Managerial Decision Making Mildred Rushing MGT600-1401C-06 IP1 American Intercontinental University Instructor Tom Wamalwa January 19‚ 2014 Abstract The term “formal research” traditionally refers to conducting an experiment under controlled conditions in order to discover‚ demonstrate or test a hypothesis. On the other hand‚ a “business proposal” is considered the systematic gathering of information with the intent of arriving at an optimal solution for a given
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