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Publication: IIP Proceedings Year: 2022, Month: November Page No: 341-354, ISSN/ISBN: 978-81-959356-3-5, DOI/Link: https://rsquarel.org/assets/docupload/rsl20234ED1EC0304300CE.pdf
ROLE OF DECISION SUPPORT SYSTEMS
Area/Stream: Computing Technologies and Data Sciences, Authors: Dr. P. Selvi Rajendran,K. R. Kartheeswari Keywords: Decision Support System (DSS), Organisation decision support system, Executive Information System, Business Intelligent Systems. Book Name /series: Futuristic Trends in Computing Technologies and Data Sciences,Volume 2, Book 18, Part 8, Chapter 1Publication: IIP Proceedings Year: 2022, Month: November Page No: 341-354, ISSN/ISBN: 978-81-959356-3-5, DOI/Link: https://rsquarel.org/assets/docupload/rsl20234ED1EC0304300CE.pdf
Abstract:
When it comes to making wise decisions, relying excessively on instinctive judgments based on perception or traditions when we are constantly being barraged with information might be problematic. Sometimes, people miss out on important information that would have helped them make a decision. This can be due to our business or a lack of resources, including money, time, and other resources. However, perhaps we wouldn't want to take the chance when making organisational decisions causes are plain to see. Among many other things, a poor choice could harm the employer’s brand, product lifecycle, financial status, or brand image. We frequently find it difficult to use the principles of operations research, statistics, and economics to help us make wise decisions. We, therefore, require some knowledge-based systems to assist in company decision-making processes. DSSs are computer-based tools that allow decision-makers to utilize data and models to approach semi or unstructured problems. Information reports are generated by a decision support system based on the collection and analysis of data. DSS can be used in a variety of organisational knowledge fields. Real-time reporting is one of a DSS's primary applications in an organisation. Organizations that engage in just-in-time (JIT) inventory management may find it to be quite beneficial. It is essential that a company has real-time information about its inventory levels in a JIT inventory system in order to avoid production delays that could have negative consequences. A DSS is therefore more appropriate than a traditional system for the individual or organisation making the decision.
Cite this: Dr. P. Selvi Rajendran,K. R. Kartheeswari,"ROLE OF DECISION SUPPORT SYSTEMS", Futuristic Trends in Computing Technologies and Data Sciences,Volume 2, Book 18, Part 8, Chapter 1, November, 2022, 341-354, 978-81-959356-3-5, https://rsquarel.org/assets/docupload/rsl20234ED1EC0304300CE.pdf
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