Decision Support System and Expert System · Unit 1 · 10 hrs
Business Decision Making
Exam-focused notes for Business Decision Making (Decision Support System and Expert System, CSC483): what the TU syllabus asks and how it has actually been tested, with 6 solved past questions from this unit.
What this unit covers
- Supporting Business Decision Making
- Introduction
- History
- Conceptual Perspective
- Decision Support vs. Transaction Processing System
- Categories of DSS Applications and Products
- DSS Framework
- Building Decision Support Systems
- Gaining Competitive Advantage with Decision Support Systems
- Introduction
- Technology Trends
- Gaining Competitive Advantage
- Examples of Strategic DSS
- Opportunities and IS Planning
- DSS Benefits, Limitations, and Risks
- Resistances to Using DSS
- Business Decision Making Process
- Introduction
- Managerial Decisions
- Decision Making Context
- Decision Making Process
- Good Decision Making
- Redesigning Decision Making Process
DSS Benefits, Limitations, and Risks
Why DSS is important? Discuss the characteristics of DSS? [5]
A Decision Support System (DSS) is an interactive, computer-based information system that supports decision-making activities in an organization. DSS is important for the following reasons: 1. Supports Complex Decision Making: DSS helps managers handle comp...
Full solved answer →Managerial Decisions
Differentiate between structured and unstructured decisions. How DSS helps in decision making? Explain briefly. [5]
Basis Structured Decisions Unstructured Decisions -------------------------------------------------- Definition Decisions that are routine, repetitive, and follow a defined procedure or rule Decisions that are novel, complex, and have no standard solution p...
Full solved answer →DSS Framework
Explain DSS framework in detail.[10]
A Decision Support System (DSS) is an interactive, computer-based information system that supports decision-making activities in an organization. It helps managers and decision-makers solve semi-structured and unstructured problems by providing relevant dat...
Full solved answer →Decision Support vs. Transaction Processing System
How DSS differs from TPS? Explain. [5]
Both Decision Support Systems (DSS) and Transaction Processing Systems (TPS) are types of information systems used in organizations, but they serve fundamentally different purposes, users, and functions. --- A TPS is a computerized system that records, proc...
Full solved answer →Differentiate between DSS data and operating data. [5]
Basis DSS Data Operating Data --------- Purpose Used for decision making, analysis, and planning Used for day-to-day business operations and transaction processing Nature Historical, summarized, and integrated Current, detailed, and application-specific Use...
Full solved answer →Opportunities and IS Planning
Discuss strategic impact grid. [5]
The Strategic Impact Grid (also known as the Strategic Grid or McFarlan's Strategic Grid) is a framework used to assess the strategic importance of Information Systems (IS) and Information Technology (IT) to an organization. It helps management understand t...
Full solved answer →Make Unit 1 stick
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