Shruti Speak's

DECISION SUPPORT SYSTEM A decision support system is a way to model data and make quality decisions based upon it. Making the right decision in business is usually based on the quality of your data and your ability to sift through and analyze the data to find trends in which you can create solutions and strategies for. DSS or decision support systems are usually computer applications along with a human component that can sift through large amounts of data and pick between the many choices. While many people think of decision support systems as a specialized part of a business, most companies have actually integrated this system into their day to day operating activities. For instance, many companies constantly download and analyze sales data, budget sheets and forecasts and they update their strategy once they analyze and evaluate the current results. Decision support systems have a definite structure in businesses, but in reality, the data and decisions that are based on it are flui...

MIS functions to produce routine reports,DSS employ sophisticated data modelling & analysis tools for the purpose of resolving structured problems. MIS is used by a limited group (staff managers & professionals), DSS are used by groups,individuals & managers at various levels. DSS is charachterized by an adaptability which contrasted with the semi-inflexible nature of MIS. DSS data sources are much more varied comprising inventory, accounting & production sources & not just internal business ones & its analytical tools are more sophisticated(simulation,atatistical analysis). Thus, MIS & DSS are differentiated in terms of components, dynamics , analytical tools & general properties.

A Decision Support System (DSS) is a class of information systems (including but not limited to computerized systems) that support business and organizational decision-making activities. A properly designed DSS is an interactive software-based system intended to help decision makers compile useful information from a combination of raw data, documents, personal knowledge, or business models to identify and solve problems and make decisions. Typical information that a decision support application might gather and present are: an inventory of all of your current information assets (including legacy and relational data sources, cubes, data warehouses, and data marts), comparative sales figures between one week and the next, projected revenue figures based on new product sales assumptions. Development Frameworks DSS systems are not entirely different from other systems and require a structured approach. Such a framework includes people, technology, and the development approach. [ 10 ] ...

Answers to the questions are as per the students input will be refined in further discussions What common characteristics of a decision support system relate to the decision making process? The role of DSS is to provide support to decision maker on the “structurable” portions of the decision. With this support, the decision maker is free to focus his or her cognitive resources on the truly unstructured portions of the problem – those portions that, gives the limit of technology to execute a complex problem – solving strategies contained in human memory, are better left for resolution by human decision makers. The decision process employed in addressing the unstructured portion of decision situation can be thought of as the human processes, we don’t yet understand well enough to effectively simulate via automation. Some common DSS characteristics are as follows:- Employed in semi structured or unstructured decision contexts. Intended to support decision makers rather than r...