Decision Support System
Figure 1: Decision Support Systems. Retrieved from http://www.dreamstime.com/royalty-free-stock-images-word-cloud-dss-decision-support-system-related-items-image35542029
INTRODUCTION
Decision Support System (DSS) is a computer based system which uses analytical models, specialized databases and aids the decision makers in making complex decisions in an organization. In the old days, a group of professional people in a company used to consider various factors and variables while taking a complex decision. This herculean task has now been made easy with the introduction of various DSS tools. These tools help the decision makers in making a right decision. However, the final choice of taking the decision remains with the assigned decision maker.
Most of the organizations now-a-days use DSS tools so as to speed up the decision making process which eventually help in the growth and development of their business.
COMPONENTS OF DECISION SUPPORT SYSTEMS
A typical Decision Support Systems mainly consists of four components:
Data Management Component): Data Management component contains the necessary and relevant databases required for the functioning and storing of information using the Data Management System (DBMS) software. The data might consist of internal or external databases.
Model Management Component: This component is composed of the various model used for analyzing the financial status, management science or designing facility of an organization.
User Interface Component: User Interface System provides a graphical interface to the users so that the decision makers can interact with the computer and a near to perfect decision can be reached. It is the part where when can enter commands and information to the system.
Knowledge Management Component: This component is the knowledge base of an organization which provides information among the complex data in the system. This is an optional component but is very useful in aiding the above first
INTRODUCTION
Decision Support System (DSS) is a computer based system which uses analytical models, specialized databases and aids the decision makers in making complex decisions in an organization. In the old days, a group of professional people in a company used to consider various factors and variables while taking a complex decision. This herculean task has now been made easy with the introduction of various DSS tools. These tools help the decision makers in making a right decision. However, the final choice of taking the decision remains with the assigned decision maker.
Most of the organizations now-a-days use DSS tools so as to speed up the decision making process which eventually help in the growth and development of their business.
COMPONENTS OF DECISION SUPPORT SYSTEMS
A typical Decision Support Systems mainly consists of four components:
Data Management Component): Data Management component contains the necessary and relevant databases required for the functioning and storing of information using the Data Management System (DBMS) software. The data might consist of internal or external databases.
Model Management Component: This component is composed of the various model used for analyzing the financial status, management science or designing facility of an organization.
User Interface Component: User Interface System provides a graphical interface to the users so that the decision makers can interact with the computer and a near to perfect decision can be reached. It is the part where when can enter commands and information to the system.
Knowledge Management Component: This component is the knowledge base of an organization which provides information among the complex data in the system. This is an optional component but is very useful in aiding the above first