Supporting Management And Decision Making

Topics:
Decision making
Tags:
Decision-making,
Management,
Managerial Decision-making,
Tools & Techniques
Source:
The Trustees of Boston College

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Overview: Making decisions is an essential aspect of life. Individuals, in every situation, have to make relevant decisions. Managerial decision-making is the process through which managers in an organization arrive at a suitable alternative solution to a given problem. Decision Support Systems (DSS) are interactive IT-based systems which utilize data and models to solve unstructured problems and, thereby, speed up the decision-making process. DSS facilitate managerial decision-making. The paper examines the relevance of decision-making and discusses some decision-making tools.

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Format: HTML | Size: 196KB | Date: Jan 2003 | Pages: 24

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