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Business ethics for the management studies
1. PET ENGINEERING COLLEGE
DEPARTMENT OF MANAGEMENT STUDIES
BA 4211 BUSINESS ETHICS (SEMINAR)
TITLE: Decision support system
Name of the student :k.Naveen Eswar
REG NO. : 963222631057
CLASS : I MBA
DATE :18.5.2023
NAME OF THE GUIDE : Ms.A.Lasipa
DESIGNATION : ASSISTANT PROFESSOR / MBA
DEPARTMENT : MANAGEMENT STUDIES
2. Introduction
A management decision support system (MDSS) is a
software tool that helps managers make better
decisions by providing them with timely and
meaningful information .it analyses data ,used
adavanced techniques like data mining and modeling
and presents insights through interactive dashboards
and reports.MDSS enhances decision -making
,improves efficiency and enables managers to respond
quickly to changing business conditions.
TITLE : Decision support system
3. OBJECTIVES
1.The objectives of management decision support
system(MDSS) can be summarised as follows:
1.Improve decision -making
2.Enhance efficiency in decision- making processes.
3.Optimize resource allocation.
4.Facilitate data -driven decision -making .
5.Support strategic planning.
6.Enable proactive decision -making .
7.Enhance communication and collaboration among
decision -makers .
4. SUMMARY
Here are the types of management Decision support system (MDSS) in a
brief summary:
Executive information system (EIS): Strategic decision- making
With high level summarises and key performance indicators.
2.Decision support system (DSS):Data analysis, modeling ,and
visualization for decision- making at various levels.
3.Geograpic information system( GIS ):Spatial data integration for
location- based decision- making
4.Group decision support systems (GDSS): Collaboration tools for group
decision -making .
5.Expert system (ES) Rule -based systems providing expert advice and
solutions.
6.Enterprise performance management systems (EPM): Monitoring and
Managing overall organazational performance.
7.Online alalytical processing (OLAP): Multidimensional data analysis and
Visualization for ad-hoc decisions.
These types of MDSS cater to different decision- making needs and can be
chosen based on the organizations requirements.
5. WHAT TYPE OF SEMINAR?
• Instructions is my seminor type
6. IMPORTANCE
Decision support system differs from an ordinary
operations application ,whose function is just to
collect data.Decison support systems allow for more
informed decision -making, timely problem- solving,
and improved efficiency in dealing with issues or
operations ,planning and even management.
7. ADVANTAGES
Help organizations make better decisions.
Let organizations save time and money.Enable
organizations to improve their performance.
Help organizations make more informed decisions.
Reduce the risk of making incorrect decisions.
Disadvantages of Decision Support Systems
There are several disadvantages of using decision
support systems, which are listed below:
8. DISADVANTAGES
Can be expensive to develop and maintain.
They may also be complex and difficult to use.
May require a lot of data to be inputted, which can
be time-consuming.
Can be limited by the quality of the data that is
inputted.