Investment Banking

Sample Essay on Decision Support System

Decision Support System (DSS)

Decision support system (DSS) refers to an information system that uses computer to support organizational or business’ making decision process. Decision support system (DSS) serves at the operations, planning and management levels of a business or organization usually in higher and mid management levels in helping them in making accurate decisions that may change rapidly and that are not easy to specify in advance.

These support systems can be controlled by humans, computerized or both human-controlled and computerized. Although academics perceive these systems as a tool that support the decision making processes, users of DSS see them as tools that facilitate the organization processes. This has resulted in many and slightly varying definitions of decision support system (DSS).

Generally, DSS is a computer based application or system that facilitate collection, organization and analyzing of business data that enables the management, planners and business operators to make quality decisions. When designed properly, DSS helps decision makers in a company to compile different data from a wide range of sources. This includes raw data, personal knowledge of the employees, documented data, knowledge of the executives and management as well as business models.

Using this data, companies are able to identify problems and come up with solutions that will address them as well as guide in proper decision making processes. The typical information that is gathered using DSS can include the projected sales and revenue figures on the basis of the projected sales of new products. It may also include the figures of comparative sales of selected periods and inventory data that is organized in relational databases which make timely analysis easier.

Over the years, decision support system (DSS) has been used in different fields. These include medical diagnosis, evaluation of credit loan, bids evaluation in engineering projects, agricultural production, policy making, forest management as well as management of business to business operations. These fields have realized efficiency in decision making by using decision support system (DSS) because it makes sifting through massive data and analyzing it as well as compiling information that is used in solving problems and making better decisions easier.

Businesses have been able to learn more and improve efficiency by using this system. Well designed DSSs help in compiling and presenting information for different aspects of the business operations including actual versus the projected sales, sales trends, and profitability mix as well as worker productivity among others. All this information is crucial in guiding the business management and executives in making business decisions.

Order an essay on decision support system (DSS) now

Maybe you are struggling to find adequate information to use in writing your essay on decision support system (DSS). Perhaps, you are worried because the set submission deadline is fast approaching yet you have not started writing your essay. Do not panic. Instead, place an order for your essay with us at assignmentwritinghelp.net and we will help you.

We guarantee you that we will deliver a supreme quality essay on decision support system (DSS) within the deadline that you set for us once you place an order with us at assignmentwritinghelp.net.

Posted by:

admin

Related articles

list of articles

Categories

RSS RSS FEEDS

  • Sample Essay on SWOT Analysis of The Home Depot January 20, 2016
    SWOT Analysis of The Home Depot SWOT analysis of The Home Depot is among the best tools used by the home improvement retailer to gauge its ability to stay afloat and profitable in the market. Although it is considered the largest home improvement retail chain in the world with an estimated revenue base on more […]
    admin

ARCHIVES

Latest News From Blog

Check out Our Blog's assignment samples and tips on how to Write Assigments
Essay sample on the Effects of Cold War on Soviet Union..

Effects of Cold War on Soviet Union The Soviet Union was one of the main participants in the Cold War. It was engaged in the war with the USA and - See more

Essay sample on Effects of Cold War on Asia

Effects of Cold War on Asia Tensions of the Cold War began shifting from Europe to Asia in 1949 when Mao Zeodong proclaimed the birth of the ...Read More

Sample Essay on United Kingdom Healthcare System

United Kingdom Healthcare System United Kingdom healthcare system, also known as the National Health Service was established...Read More

Back to Top