Decision Support Systems The material has been prepared by considering the prescribed textbook, internet and assignments given by the students (BBM 2011-2014 Batch). The material can be further improved by adding more insightful examples and explanation. The material may not be exhaustive and should be taken as a guide to help in better learning of the subject. ALL THE BEST Unit – I: 1. What is DSS? Explain the Characteristics, Benefits and Limitations of DSS. Definition: A
Words: 15342 - Pages: 62
What major features of a business are important for understanding the role of information systems? To achieve operational excellence. To develop new products and services. To attain customer intimacy and service. To improve decision-making. To achieve competitive advantages. To ensure survival. Define a business and describe the major business functions. A business is a formal organization whose aim is to produce products or provide services for a profit. The type of business and organizational
Words: 1542 - Pages: 7
Topic: Decision Support Systems for Supply Chain Management and Design A. Summary: Supply chain management (SCM) has evolved to become an integral part of the operations management. SCM can have tremendous impact on organizational performance in terms of cost, quality, flexibility an responsiveness in the global market. Companies are investing in data driven decision support application frameworks to help then response to the changing market condition and customer needs. A more defined organizational
Words: 2843 - Pages: 12
School : Science and Technology Course : IST 4040 Decision Analysis Instructor : Mayieka Jared Maranga Exam : Mid Semester Semester : Summer 2015 Time : 1 hr 20 Minutes TOTAL MARKS 30: WEIGHT 20 ------------------------------------------------- Instructions: i. This paper has two sections A and B. ii. Answer all questions in Section A and Two questions in section B. iii. No reading materials are allowed into the exam room iv. No unauthorized material
Words: 1267 - Pages: 6
Information System plays a very important role in an organization. There is hardly a business magazine that dos not contain article about information system. MIS can be defined as – “A system which collects, processes, stores and distributes information to help in decision making for managerial functions.” (Planning, staffing, directing, controlling, organizing and budgeting) It may also be defined as Integrated user/ Machine system for providing information to support the decision making process
Words: 5614 - Pages: 23
transaction processing (OLTP) gathering and processing information and updating existing information to reflect the processed information * —Supports operational processing * —Sales orders, accounts receivable, etc * —Supported by operational databases & DBMSs * •Online analytical processing (OLAP) manipulation of information to support decision making * —Helps build business intelligence * —Supported by data warehouses and data-mining tools RELATIONAL DATABASE MODEL:
Words: 1431 - Pages: 6
information technology specifically in the field of information systems. Information generated is used by decision makers to gain competitive advantage against competitors and to take advantage of opportunities to increase business performance, effectiveness and efficiency. One of the several information systems which are considered to be of the great help for managers in decision making is the decision support system. Decision Support System (DSS) combines models and data in an attempt to solve semi- structured
Words: 8773 - Pages: 36
TOPic: DECISION SUPPORT SYSTEMS: AN OVERVIEW AND ITS ROLE IN BUSINESS Introduction 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. Typical information that a decision support application might gather and present are: * Inventories
Words: 6640 - Pages: 27
Chapter 01:An Introduction to Information Systems TRUE/FALSE 1. Information and data are essentially the same thing. ANS: F PTS: 1 REF: 5 2. Computers are required to organize or process data. ANS: F PTS: 1 REF: 7 3. Using a computer to forecast future sales and order more inventory before a shortage can occur is an example of information system feedback. ANS: T PTS: 1 REF: 12 4. A CBIS is a single set of hardware, software, databases, telecommunications, people, and procedures
Words: 2677 - Pages: 11
Information Systems Laudon & Laudon Lecture Notes on Management Information Systems (Chapters: 1, 2, 5, and 9) 1. Concepts of MIS/IS 2. What’s New in Management Information Systems? 3. Digital Firm 4. Strategic Business Objectives of Information Systems 5. Information Systems (IS) Vs. Information Technology (IT) 6. Perspectives on Information Systems 7. Information System and its Functions 8. Contemporary Approaches to Information Systems.
Words: 6353 - Pages: 26
