DECISION SUPPORT SYSTEM AIMS TO SUPPORT BETTER BUSINESS DECISION-MAKING IN TELECOM SECTOR OF PAKISTAN Thesis Presented to the Faculty of INSTITUTE OF BUSINESS AND INFORMATION TECHNOLOGY In Fulfillment of the Requirements for the Degree of Master of Business and information technology By Muhammad Taimoor Khalid F09MB023 Contents DECLARATION 6
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responsibility and create a Decision Support System to solve it. INTRODUCTION Managers are often faced with problems that may affect the flow of work. It is crucial that managers find the most suitable way of solving the problems they encounter. Some of the many problems encountered involve decision making, and managers need to come up with the most effective system in order to make decisions in a quick and effortless manner. The decision support system is one such system. According to Laudon
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relevant, and actionable ▪ Accumulation of facts, procedural rules or heuristics ▪ Knowledge is INFORMATION IN ACTION ▪ Actionable (relevant) information available in the right format, at the right time, and at the right place for decision making (TIWANA2000) ← Fact – statement of some element of truth about a subject matter or a domain. Example: milk is white, sun rises in east. ← Heuristics – rule of thumb based on years of experience. Example: strike on independence
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COURSE: Management Information Systems Professor: Ms. Solza Grceva Student: Bjanka Tunteva 117671 Date: May 9th, 2014 TABLE OF CONTENTS Background…………………………………………………………………...…………3 Decision Making Process………………………………………………..………3-4 How the system supports the Decision Making Process……………..4 Security Breaching……………………………………………………………………5 Implementation of the System……………………………………………….5-6 Benefits of the Implementation………………………………………………... 6 Financial Analysis…………………………………………………………………
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Exercise 1 Exercise 1 What is a Decision Support System? A decision support system is a processor information technique that assists with the company’s managerial endeavors. Decision support systems operate administration, business procedures, and product development of a company and assist to formulate conclusions, within a changing environment. Some of the responsibilities of a decision support system include the following: planning and organizing organization activities, provide
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IMPORTANCE AND CURRENT ISSUES OF DECISION SUPPORT SYSTEM Cynthia P. C. Lee Abstract This paper emphasized on the Decision Support System (DSS) defined in various ways depending upon the author’s point of view by Turban (1995), Little (1970), Moore and Chang (1980), Keen (1980), and Power (1997); history of DSS during late 1950s and early 1960s until millennium approached of Web-based analytical applications; the Decision support system (DSS) has been used in many different ways (Alter 1980
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IMPORTANCE OF SIMULATION Abstract: Simulation is a very useful and a powerful tool used for analyzing, designing and operating complex systems. Simulation is an cost effective means for exploring new ideas. It can be used as an effective communication tool which shows how an operation works while stimulating creative thinking for more improvements. One of the major advantage of simulation modeling is that we can begin with a simple model of a process and as we better understand the process we
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SYLLABUS DECISION SUPPORT SYSTEM & MIS MBA–3rd SEMESTER, M.D.U., ROHTAK External Marks : 70 Time : 3 hrs. Internal Marks : 30 UNIT - I Decision Support System : Overview, components and classification, steps in constructing a dss, role in business, group decision support system. UNIT - II Information system for strategic advantage, strategic role for information system, breaking business barriers, reengineering business process, improving business qualities. UNIT - III Information
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Virtual Worlds: S(t)imulating Creativity in Decision Making Niamh O Riordan, Philip O’Reilly Business Information Systems, University College Cork. Ireland. niamhmoriordan@yahoo.com | philip.oreilly@ucc.ie The significance of the earliest phase of decision making stems from the fact that decision makers 'frame' problems during this phase. These frames shape all subsequent decision making phases (Beach, 1997), fundamentally conditioning decision making outcomes (Daly et al., 2008). Avenues not
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Management Information Systems Definition: A system is a collection of components which; • Are connected together in an organised way; • Are affected by being in the system; • Does something. Information and Management Management needs relevant information to control and make decisions. *Relevant information implies information which; a) Increases knowledge ; b) Reduces uncertainty; and c) Is usable for the intended purpose. Information Classification How can you classify information
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