FALL 2011 Decision Support System and Managerial Decision Making Prof. Hassan Qudrat-Ullah Due Date: December 8‚ 2011 By: Farazeh Khalid Mian Abhishek Sahi Table of Contents SECTION NUMBER | SECTION NAME | PAGE NUMBER | | Abstract | 3 | 11.11.2 | IntroductionWhat is decision making? What is a Decision Support System? | 3‚ 44‚ 5‚ 6 | 22.12.22.3 | Literature Review DSS in the business environmentImportant attributes of the Decision Support SystemCapabilities
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Solution : TYPES OF DECISION MAKING WITH AN EXAMPLE Irreversible These are type of decisions‚ which if made once cannot be undone. Whatever is decided would then have its repercussions for a long time to come. It commits one irrevocably when there is no other satisfactory option to the chosen course. A manager should never use it as an all-or-nothing but instant escape from general indecision. Reversible These are the decisions that can be changed completely‚ either before‚ during or after the
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There are different types of economic systems‚ ranging from the centralized command system (U.S.S.R.)‚ to the free market economy (U.S.A.). Economies nowadays are mixed in nature than in the past‚ with a trend leaning more towards a free market system since the demise of the former Soviet Union and the European eastern block. Hence China has since revised its policies and is opening up the market to avoid the same fate. The USA free market has also been recently learning that a totally free
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the term information system (IS) refers to a system of people‚ data records and activities that process the data and information in an organisation‚ and it includes the organisation’s manual and automated processes. In a narrow sense‚ the term information system (or computer-based information system) refers to the specific application software that is used to store data records in a computer system and automates some of the information-processing activities of the organisation. Information systems
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Human Body System Interaction . All the systems in the human body are vital to our survival and well-being. If you take away the functions of just one of these systems our whole body will cease to work properly. The main systems of the human body are the nervous‚ endocrine respiratory‚ circulatory‚ immune‚ digestive‚ excretory‚ skeletal‚ muscular‚ and the reproductive systems. They all work together in harmony and unison to keep us alive. The nervous and endocrine systems are what control
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2. Give three examples in which raw data also serves as useful information. 3. Give three business examples(not mentioned in the text) of data that must be processed to provide useful information.1. What does the word processing in data processing mean? 2. Give three examples in which raw data also serves as useful information. 3. Give three business examples(not mentioned in the text) of data that must be processed to provide useful information. 4. Give three example of subsystems not
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is composed of several distinct systems is not novel‚ it is only around the mid 20th century that experimental studies carried out on amnesic patients have started to confirm it (Squire‚ 2004). This essay will discuss the different types of memory systems that have been found‚ their distinctions and evidence supporting their existence derived from studies on amnesiacs. Atkinson and Shiffrin’s (1968) multi-store model suggests that memory is a flow of information processed through three stores
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Computing and Systems Development | 02-Computer Systems| Assignment title|Computer Systems – Unit 2 | In this assignment you will have opportunities to provide evidence against the following criteria.Indicate the page numbers where the evidence can be found | Criteria reference|To achieve the criteria the evidence must show that the student is able to:||Task no.||Evidence| P2.1.1|Explain the role of computer systems in differentenvironments||T1.1||| P2.1.2|Explain the hardware‚ software and peripheralcomponents
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day trip and excursions. There are three main types of tourism‚ which are inbound‚ outbound and domestic. • Inbound tourism – This is when a resident of a country travels oversea to visit the UK. The main example of this is someone coming in from the USA to visit the UK. • Outbound tourism – This refers to UK residents taking holidays outside of the UK for less than twelve months. An example of this is when someone from the UK goes to Spain for example on a holiday. • Domestic tourism – This involves
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Different Computer Users The sound of the keyboard typing away and the clicking of the mouse throughout the night has become a normal occurrence in every American household. Staying up until three or four in the morning‚ knowing school starts at nine AM is a characteristic of many computer users today. Since the invention of the computer‚ life has become much easier for humans. With the birth of the Internet communications‚ people now have limitless possibilities around the world
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