Mis 002
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The document discusses the cost and value of information for decision making. It states that the value of a decision made using new information should be greater than the cost of obtaining that information. It also discusses different types of decisions, levels of uncertainty involved, and how management information systems and decision support systems can help structure decision making processes and provide alternatives and recommendations to decision makers.
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For more such innovative content on management studies, join WeSchool PGDM-DLP Program: http://bit.ly/ZEcPAcExecutive support system
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Decision Support Systems
A Decision Support System (DSS) is an interactive computer system intended to help decision makers solve problems and make decisions using data, documents, knowledge, and models. A DSS for tax administration can help analyze tax data to identify non-compliance, forecast revenues, and evaluate policies and programs. It integrates data from various tax applications into a data warehouse that supports online analytical processing, data mining, and reporting to assist with decisions.
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Types of managerial decision - ENGINEERING ECONOMICS & FINANCIAL ACCOUNTING -...
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This document discusses decision support systems (DSS). It defines a decision as choosing among alternatives to meet objectives. A DSS is a computer application that supports decision making through analysis of internal and external business data. A good DSS supports both individuals and groups in unstructured and semi-structured situations. It is flexible, easy to use, and allows access to data and models like statistical, optimization, and forecasting models. Benefits of a DSS include improved decision making, consideration of more alternatives, faster response, better communication and teamwork, cost savings, and better control.
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Integrated collection of people, procedures, databases, and devices Provides managers and decision makers with information to help achieve organizational goals.
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IT-centric business continuity planning aims to align IT recovery with business needs. It recognizes that while disaster recovery focuses on restoring IT systems, business continuity prioritizes maintaining business processes. The approach involves business leaders and IT leaders collaboratively assessing risks, mapping processes, developing strategies to restore critical systems based on business priorities, and creating plans to guide response and recovery. Regular testing and updates are needed to ensure plans remain effective over time.
Decision Support System
A Decision Support System (DSS) is a computer-based information system that supports business or organizational decision-making. It can help managers at different levels of an organization make decisions by providing tools to access and analyze data. A DSS combines data, documents, knowledge, and models to help identify and solve problems. It has evolved over time from focusing on data and models to also include knowledge and documents. A DSS is made up of a database, models, and a user interface. It aims to support semi-structured and unstructured decision-making.
Ch02 A decision support system (DSS)
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Info sys
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The document discusses management information systems and different types of information systems. It defines management information systems as integrated user-machine systems that provide information to support decision making, coordination, and control within an organization. It describes different levels of information systems, including transaction processing systems, management information systems, decision support systems, executive information systems, and expert systems. It also discusses the integration of different system types at strategic, management, and operational levels.
Critical Success Factors
Use open technology that facilitates tight integration between various systems. DW does not work without integrational synergies
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This document defines and describes various types of information systems:
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- Executive support systems tailor information and analysis for senior executives to address strategic issues.
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The document summarizes a course on decision support systems. It outlines the course objectives, assessment breakdown, project details, and exam format. It also defines key terms like decision support systems and describes components of DSS like databases, user interfaces, and analytical models.
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This document provides an overview of decision support systems (DSS), including what they are, how they differ from management information systems, their components and characteristics, types of decisions they support, and examples of DSS tools and models. A DSS is an interactive IT system that helps managers make semi-structured or unstructured decisions. It uses databases, models, and software to analyze large amounts of internal and external data and support decision-making at all management levels. DSS can incorporate various tools like spreadsheets, solvers, rules, and more to help evaluate alternatives, identify problems, and recommend or identify optimal solutions.
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Management information systems (MIS) collect, process, store, and distribute data to support decision-making and control in organizations. Decision support systems (DSS) are a type of information system that supports business or organizational decision-making activities. DSS provide analysis of information to help decision makers choose among alternative solutions. There are different types of DSS, including communication-driven, data-driven, document-driven, knowledge-driven, model-driven, spreadsheet-based, and web-based systems. DSS use analytical tools like what-if analysis, sensitivity analysis, goal-seeking analysis, and optimization analysis to help decision makers evaluate alternatives.
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1. The document describes different types of information systems used at various levels within an organization, including transaction processing systems, management information systems, decision support systems, and executive support systems.
2. Transaction processing systems support operational-level decisions and handle daily routine transactions. Management information systems provide routine reports and data to support structured management decisions.
3. Decision support systems combine data and analytical tools to support semi-structured and unstructured decision-making at the management level. Executive support systems address unstructured strategic decision-making through advanced graphics and communication.
Lecture 01 mis
The document provides an overview of information systems and related concepts from a lecture by Dr. Akhlas Ahmed at Preston University. It defines key terms like data, information, information systems and computer-based information systems. It also discusses system concepts such as inputs, processes, outputs, feedback, and the role of modeling in representing systems. The characteristics of valuable information and how data is transformed into useful information are explained. The components of computer-based information systems like hardware, software, databases, networks and people are also outlined.
Sia an overview
The chapter introduces accounting information systems and discusses why they are important to study. It defines key terms like systems, data, and information. It also explains how accounting information systems provide information to internal and external users to support decision making throughout an organization's value chain, from strategic planning decisions down to routine operational control decisions. Finally, it discusses how a company's accounting information system should support its overall business strategy, whether that is a product differentiation strategy or a low-cost strategy.
UNIT 3 PPT MIS.pptx
Management involves planning, organizing, staffing, budgeting, coordinating, and controlling all aspects of an organization. An effective management information system (MIS) provides managers with tools to organize, evaluate, and efficiently run their departments by collecting, processing, storing, and disseminating large amounts of rapidly changing internal and external data. The development of computing power, management practices, the internet, and e-commerce has driven the evolution of MIS from primarily data storage and processing to facilitating real-time decision making support across organizational levels.
Gr. 8, Information System and Its Types
The document describes different types of information systems including transaction processing systems, management information systems, and decision support systems. It provides examples of transaction processing systems like billing systems and defines their key characteristics and cycle. Management information systems are described as software tools that provide processed information to managers to help with decision making. The types, advantages, and outputs of management information systems are outlined. Decision support systems are defined as computer programs that compile information from various sources to support problem solving and decision making for managers.
Decision Support Systems
El campo de DSS / BI esta evolucionando desde sus origenes como una herramienta primariamente de soporte personal y está rapidamente llegando a ser una comodidad compartida a traves de de las organizaciones
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Working and functions_of_rbi[1]
The document provides information on the functions and structure of the Reserve Bank of India (RBI). It summarizes that RBI was established in 1935 and is now owned by the central government. Its main functions include acting as a bank for banks and the government, managing currency and foreign exchange, conducting monetary policy, regulating and supervising banks, and promoting development. Internally, RBI is headed by a governor and organized into departments that handle functions like currency, banking, supervision and policy.
Role of idfc_in_infrastucture_finance
IDFC is a major provider of infrastructure financing in India. It offers project financing, equity financing, structured products, and advisory/investment banking services focused on key sectors like transport, energy, telecom, and industrial infrastructure. IDFC has expanded from primarily financing power and roads to also include energy, IT, urban infrastructure, food, and agribusiness. It manages funds, provides investment banking services, and develops and finances infrastructure projects to support growth of the Indian economy.
Mutual funds
Mutual funds allow investors to pool their money together into a portfolio that is managed by professional fund managers. The key points are:
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Iifcl ppt
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Basel ii norms.ppt
Basel II is an international standard that aims to strengthen the regulation, supervision and risk management within the banking sector. It improves upon Basel I by making capital requirements more risk sensitive and aligning regulatory capital more closely with underlying bank risks. Basel II consists of three pillars that cover minimum capital requirements, supervisory review, and market discipline. Implementation of Basel II varies across countries and regulators but aims to modernize capital adequacy standards to be more comprehensive and risk sensitive.
Retail banking pres
The document discusses retail banking in India, including current trends, challenges, and future prospects. Specifically:
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Presentation on lic of india
LIC of India is the largest life insurance company in India. It was established in 1956 after the nationalization of the insurance industry. LIC has over 250 million policyholders and a majority share of the life insurance market. It offers a wide range of insurance products and has expanded its services through technology and partnerships. LIC is a significant investor in infrastructure development in India and aims to provide financial security to all citizens.
Mfi dfi
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The document provides an overview of life insurance management in India. It discusses the evolution of the life insurance sector, current state, regulatory framework established by IRDA, and key functions of life insurance companies such as pricing premiums, managing risks, investments, and balancing assets and liabilities. Some key points include:
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The document discusses various types of corporate banking services provided by banks to corporate clients. It describes funded services like working capital finance, short term finance, and bill discounting. It also discusses non-funded services like letters of credit and bank guarantees. Finally, it summarizes external commercial borrowings, import trade credit, and foreign currency options for corporate financing.
Financial mgt exercises
The debt service coverage ratio (DSCR) is calculated as:
EBIT / (Interest + Principal repayment)
In year 2:
EBIT = Rs. 16.80 lakhs
Interest = Rs. 8.80 lakhs
Principal repayment = Rs. 10 lakhs
DSCR = EBIT / (Interest + Principal repayment)
= Rs. 16.80 lakhs / (Rs. 8.80 lakhs + Rs. 10 lakhs)
= Rs. 16.80 lakhs / Rs. 18.80 lakhs
= 0.89
Therefore, the debt service coverage ratio in year 2 is 0.89.
Csac10[1].p
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Csac08[1].p
Sears advertised a motor buggy for $395 in 1909 that included tires, axles, a top, lamps, horn, and oil. The buggy was built in Sears' own factory under the supervision of an expert with 15 years of automobile experience. Sears found suppliers that could make frames and other parts for the buggy more cheaply than Sears could make them itself due to the suppliers' larger volumes. By carefully selecting suppliers and building the buggy itself, Sears was able to offer an affordable motor vehicle.
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Mis 002
- 1. Cost and Value of Information and Decision Making
- 4. Value Cost Increasing Time Lag Cost/value of information
- 6. Level of Detail Cost of Acquiring Information
- 12. AUTOMATED DECISION INFORMATION TO DECISION MAKER PROCESSOR Process Information in accordance with pre-determined DECISION RULES DATA BASE