Decoding Kotlin - Your guide to solving the mysterious in Kotlin.pptx
Decisions.ppt
1. Topics
• Types of Decision
• Decision Making Process
• Decision Support System
2. Types of Decisions
Programmed and Non-Programmed Decisions
Major and Minor Decisions
Routine and Strategic Decisions
Organizational and Personal Decisions
Individual and Group Decisions
Policy and Operation Decisions and
Long-Term Departmental and Non-Economic
Decisions.
4. Decision making process(contd)
•Types of decision-making models
Rational decision making models
Intuitive decision making models
Creative decision making model
5. Decision Support Systems
•What is Decision Support System (DSS)?
•Decision Structure
•Decision Support System Characteristics
•Components of DSS
•Classification of DSS
•Benefits of DSS
6. What is Decision Support System?
An interactive, flexible
computerized information
system that enables
managers to obtain and
manipulate information as
they are making decisions.
7. Decision Structure
•Structured Decisions – situations where the
procedures to follow when a decision is
needed can be specified in advance
•Unstructured Decisions – decision situations
where it is not possible to specify in advance
most of the decision procedures to follow
•Semi structured Decisions - decision
procedures that can be prespecified, but not
enough to lead to a definite recommended
decision
8. Levels of Management in Decision
Making
Strategic management
Executives develop organizational goals,
strategies, policies, and objectives
As part of a strategic planning process
Tactical management
Managers and business professionals in
self-directed teams
Develop short- and medium-range plans,
schedules and budgets
Specify the policies, procedures and
business objectives for their subunits
9. Levels of Management in Decision
Making(Contd)
•Operational management
•Managers or members of self-directed
teams
•Develop short-range plans such as weekly
production schedules
14. Model-driven DSS
•A model-driven DSS emphasizes access to
and manipulation of a statistical, financial,
optimization, or simulation model.
•Model-driven DSS use data and parameters
provided by users to assist decision makers
in analyzing a situation; they are not
necessarily data-intensive.
16. Data-driven DSS
•A data-driven DSS or data-oriented DSS
emphasizes access to and manipulation of a
time series of internal company data and,
sometimes, external data
19. Benefits of DSS
Improves personal efficiency
Accelerate problem solving
Facilitates interpersonal communication
Promotes learning or training
Increases organizational control
Generates new evidence in support of a decision
Creates a competitive advantage over competition
Reveals new approaches to thinking about the
problem space