1 .Decision Support Systems (DSS) - are a specific class of computerized information system that supports 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 raw data, documents, personal knowledge, and/or business models to identify and solve problems and make decisions.It also a set of manual or computer-based tools that assist in some decision-making activity. In today's business environment, however, decision support systems (DSS) are commonly understood to be computerized management information systems designed to help business owners, executives, and managers resolve complicated business problems and/or questions. Good decision support systems can help business people perform a wide variety of functions, including cash flow analysis, concept ranking, multistage fore-casting, product performance improvement, and resource allocation analysis. Previously regarded as primarily a tool for big companies, DSS has in recent years come to be recognized as a potentially valuable tool for small business enterprises as well.
2. As what I search the Management Information System (MIS) are provides answers to the problems and that integrates the decision maker into the system as a component.And also the system utilizes such quantitative techniques as regression, linear programming, and financial planning modeling while the Decision Support System (DSS) software furnishes support to the accountant in the decision-making process. It also analyzes a specific situation and can be modified as the practitioner wishes. Models are constructed and decisions analyzed. Planning and forecasting are facilitated.
3. Some examples of DSS:
a. Clinical decision support sysytem for medical diagnosis
b. A bank loan officer for verifying the credit of a loan applicant
c. An engineering firm that has bids on several projects and wants to know if they can be competitive with their costs.
DSS is extensively used in business and management.It support for decision makers in semistructured and unstructured problems. It also support for interdependent or sequential decisions.DSS is the intellectual resources of individuals with the capabilities of the computer to improve the quality of decisions. DSS are computer-based support for management decision makers who are dealing with semi-structured problems.
A DSS can take many different forms. In general, we can say that a DSS is a computerized system that helps making decisions. A decision is a choice between alternatives based on estimates of the values of those alternatives. Supporting a decision means helping people working alone or in a group gather intelligence, generate alternatives and make choices. Supporting the choice making process involves supporting the estimation, the evaluation and the comparison of alternatives. In practice, references to DSS are usually references to computer applications that perform such a supporting role.
So, if the company apply this DSS, theres a possibility they can make a better decision.
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