Monday, February 13, 2012

What is Decision Support System?

Branch of the broadly defined Management Information System (MIS) that provides answers to problems and that integrates the decision maker into the system as a component.

The system utilizes such quantitative techniques as regression analysis Linear Programming (LP) and financial planning models. DSS software furnishes support to the accountant in the decision-making process. It analyzes a specific situation and can be modified as the practitioner wishes. Models are constructed and decisions analyzed. Planning and forecasting are facilitated.

Source: http://www.allbusiness.com/glossaries/decision-support-system-dss/4952711-1.html#ixzz1mJaemyLl

No comments:

Post a Comment