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Saturday, May 1, 2010
Decision Support Systems

DSS notes

Decision Support System (DSS): Information system designed to assist in decision making.

Drilled-down analysis: Process of obtaining more details about a solution provided a DSS.

Optimisation: Approach to decision support that involves finding the best solution.

Satisficing: An approach to decision support that involves finding a good but not necessarily the best solution to a problem.

Heuristics: Commonly accepted guidelines or procedures that will usually find a good solution.

2) Pertaining to the use of the general knowledge gained by experience, sometimes expressed as "using a rule-of-thumb." (However, heuristic knowledge can be applied to complex as well as simple everyday problems. Human chess players use a heuristic approach. (http://whatis.techtarget.com/definition/0,,sid9_gci212246,00.html#)
‘What-if’ simulation: The process of making changes to data in order to observe the results.
Goal seeking analysis: The process of finding the initial data needed to produce a set result.

8:54 AM




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