Introduction to Decision Support Systems
Components of Decision Support Systems - Database
Use of Models in Decision Support Systems
Classification of Models
Dimension of Optimization Problem
Components of Decision Support Systems
Models in Decision Support Systems
Classification of Problems Types
Linear Programming
Integer Programming
This free online course explains the various systems available to assist management with decision-making. Management support systems (MSS) are computer-based systems utilized by managers to track performance and output while remaining consistent and transparent. We establish that a MMS is crucial to the eternal administrative problem-solving process. While companies seek to employ professionals, the human brain is tricky and emotions can cause biases that pose problems in the office. To reduce instances of these lapses in judgement, companies may seek to obtain systems to support managers with their daily tasks to ensure that their businesses are running smoothly. Such reduction of workplace bias boosts employee morale.
We then explore the features, strengths and weaknesses of common systems designed to meet the needs of specific types of manager. Can the accounting manager and the human resource manager use the same support system? Each MMS offers an interactive environment for users and therefore empowers the manager to experiment with data and models to generate the optimal decision-making strategy for each unique context. Support systems have found success when industries of medium to large size face decision-making situations that demand an in-depth review of internal and external data. These systems serve as electronic briefing mechanisms and offer enormous versatility. For the most part, they seek to interpret data on a real-time basis and so automate much of the technical analysis process to remove human error and bias.
Today, support systems are widely used across many different industries, from medicine to agriculture, to guide decision-making. As technology advances, data analysis is no longer restricted to supercomputers and is now performed by almost any device. This is very beneficial to users that travel frequently. The primary objective of an MMS is to assist an organization in accomplishing its goals by providing managers with topical information, which also saves time as employees no longer have to compile reports manually for filing and analysis. This computerization also cuts down on paperwork and reduces costs. This course can help a small business owner get their endeavour off the ground and also suits anyone working in a large organization who wants to move upwards.
Need for Decision Support Systems
Components of a Decision Support System: Manager
Components of a Decision Support System: Communicative Devices and Database
Design Cycle of a Decision Support System
Researching Findings and Critical Success Factors of DSS
Models in Decision Support Systems
Optimization, Heuristics & Simulation
Traditional Approach to Modelling and its Weaknesses
Desirable features for Models in Decision Support Systems
Lesson Summary
Examples of Structured Problems
Purpose of Models
Classification of Models
Linear Programming
Optimization Problems
Sensitivity Analysis
Integer Programming
Integer Programming Problems
Summary
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