Table of Contents
What is decision support system in finance?
A decision support system (DSS) is a computerized program used to support determinations, judgments, and courses of action in an organization or a business. A DSS sifts through and analyzes massive amounts of data, compiling comprehensive information that can be used to solve problems and in decision-making.
What is the output of a decision support system?
DSS outputs include forms, objects and other representations for inputs and manipulation by a user and representations that display results from queries, analyses and rules for users. Decision support information may be data points on a chart, text, stored or computer generated images and even sounds.
What is decision support system in MIS?
Decision support systems (DSS) are interactive software-based systems intended to help managers in decision-making by accessing large volumes of information generated from various related information systems involved in organizational business processes, such as office automation system, transaction processing system.
What is input and output in DSS?
Inputs are the factors, numbers, and characters that are to analyze. User and knowledge expertise are inputs requiring manual analysis by the user. Outputs are transformed data in which DSS “decisions” are generated. And the decisions are the results generated by the DSS based on user criteria.
What is the output of executive support system?
An Executive Support System (ESS) is software that allows users to transform enterprise data into quickly accessible and executive-level reports, such as those used by billing, accounting and staffing departments. An ESS enhances decision making for executives. ESS is also known as Executive Information System (EIS).
What are the three types of decision making systems?
The three primary types of decision-making systems are: the transactional support system, the management information system, and the decisions support system (FreeTutes.com, 2014).