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Frequently Asked Questions about Decision Support Systems by Dan Power

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50 results for "behavioral models"

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How can behavioral models be used for decision support?
In the Ask Dan! of July 6, 2003 I discussed the question "How can simulation be used for decision support?" That column provided an overview...
Model-driven DSS Aug 06, 2005
How do decision-making models relate to the design and use of DSS?
by Dan Power Editor, DSSResources.com Both descriptive and prescriptive quantitative decision making model asre important to understanding compu...
DSS Theory Mar 07, 2015
What are the "hot" DSS research topics?
Academic research in the U.S. often seems as susceptible to trends and "hot" topics as other segments of our culture. For the past 10 years ...
Evaluating DSS Projects Aug 07, 2005
Can decision support developers reduce the probability of solving the ‘wrong’ problem?
by Daniel J. Power Editor, DSSResources.COM Data analytics and decision support systems are intended to help people, especially managers, make be...
DSS Foundations Jun 25, 2017
What is predictive analytics?
by Dan Power Editor, DSSResources.COM Predictive analytics involves systematic analysis of data using quantitative and statistical models to pr...
DSS Foundations Jul 16, 2018
How can simulation be used for decision support?
Questions about using simulation for building a DSS are reasonably frequent in my Ask Dan! email. So this column has been in the works for some time, ...
Model-driven DSS Aug 06, 2005
Will thinking machines make better decisions than people?
by Dan Power Editor, DSSResources.com Fifty years of computing technology improvement has led to faster computation, faster transmission of data ...
DSS Foundations Jul 30, 2012
What is the impact of decision support on cognitive biases, decision style and risk attitudes?
by Daniel J. Power, Editor of DSSResources.com Cognitive bias, decision styles and risk attitudes impact the use and effectiveness of decision su...
DSS Foundations Mar 13, 2019
How does planning differ from decision-making?
This frequently asked question seems straight forward and easy to answer, but it is one that I have grappled with for many years. Discriminating decis...
DSS Theory Aug 06, 2005
How can analytics and decision support reduce insurance fraud?
by Daniel J. Power Editor, DSSResources.COM Preventing and detecting insurance fraud is a critical task at insurance companies. There is some evi...
DSS Foundations Mar 02, 2014
What are ethics and privacy issues related to using a DSS?
by Daniel Power Editor, DSSResources.com Using a decision support system (DSS) is sometimes associated with making hard choices, contested issues...
DSS Foundations Dec 20, 2020
What are philosophical foundations of DSS practice?
by Dan Power Editor, DSSResources.com Decision support systems as a practical discipline has multiple "philosophical foundations". DSS practice h...
DSS Foundations Apr 27, 2010
What should managers know about predictive analytics and model-driven decision support?
by Dan Power Editor, DSSResources.COM Companies are implementing predictive analytics and quantitative models to assist managers. There remain ...
DSS Foundations Aug 19, 2012
Why are quantitative models useful for decision support?
by Dan Power Editor, DSSResources.com Managers need to understand the value that a quantitative model creates for decision making. By identifyin...
DSS Foundations Jan 28, 2013
What theories are especially relevant to decision support?
by Daniel J. Power Editor, DSSResources.COM Decision support is an applied field of study like accounting, engineering, and medicine. Design scie...
DSS Foundations Dec 16, 2018
What influences supply and demand for information goods?
Mary Daly, Cork University Business School and Daniel J. Power, DSSResources.com and University of Northern Iowa Organisational decision making en...
DSS Foundations Jun 22, 2019
What is a robust decision support quantitative model?
by Daniel J. Power Editor, DSSResources.COM Some quantitative models provide very different results when assumptions are violated and when model ...
DSS Foundations Apr 17, 2015
When is a decision framed properly?
by Daniel J. Power Editor, DSSResources.COM and Ciara Heavin Managing Editor, Journal of Decision Systems Decisions occur in the context of...
DSS Foundations Oct 02, 2016
What is age appropriate data use?
Daniel J. Power Editor DSSResources.com The abuse and misuse of data can negatively impact behavior, hurt feelings, and in some cases cause seriou...
DSS Foundations May 26, 2019
What decision support data should be anonymous, confidential, private?
by Daniel Power Editor, DSSResources.com Big data can mean big problems for individuals and organizations. Edward Snowden's NSA leaks demonstrat...
DSS Foundations Sep 29, 2013
What is active enterprise financial planning?
Active enterprise financial planning is a collaborative, participative, real-time, web-based approach for budgeting, performance management and financ...
DSS Applications Aug 07, 2005
What is a data modeler?
by Daniel J. Power Editor, DSSResources.COM In the era of rapidly expanding, diverse data, someone needs to identify patterns and regularities in...
DSS Foundations Sep 21, 2015
What is a good replacement for models built using IFPS?
On December 5, 2000, Hubert Deneault, Hydro-Quebec, wrote "First, I want to thank you for offering a service like DSSResources.com. It is very he...
Model-driven DSS Aug 07, 2005
What can DSS designers learn from video games?
Today, decision support systems use mature user interface technologies. Dashboards are not "new"; the smiley faces and sliders for user input are fa...
Building DSS Feb 05, 2006
What is visual analytics?
by Daniel J. Power Editor, DSSResources.COM Visual analytics combines automated analysis techniques with interactive visualisations to support de...
DSS Foundations Jun 12, 2013
What was the DSS News in October 2000?
by Daniel Power Volume 1, issue number 12 of DSS News was published October 9, 2000. Then as now DSS News was a bi-weekly publication of DSSResourc...
DSS Foundations Oct 11, 2020
What are common barriers and challenges to becoming agile?
Daniel J. Power and Ciara Heavin Any major change is always somewhat challenging and becoming agile and doing agile is a major change. Transitioni...
DSS Foundations Mar 01, 2020
How do individual differences impact use of decision support?
by Daniel J. Power Editor, DSSResources.COM People differ in abilities, capabilities, attitudes, beliefs, biases and knowledge, among many possib...
DSS Foundations Nov 30, 2018
What are some use cases with expanded data sources?
by Daniel J. Power Editor, DSSResources.COM Data volume is expanding rapidly, data variety is increasing and is coming from new sources, and data...
DSS Foundations Dec 21, 2014
How does business analytics differ from data analytics?
by Daniel J. Power Editor, DSSResources.COM Both business analytics and data analytics are relatively new terms in the business lexicon. Students...
DSS Foundations Jun 24, 2018
Do DSS builders assume their targeted users are rational thinkers?
by Dan Power Editor, DSSResources.com Attitudes that we, as DSS builders, have toward potential users of a proposed DSS influences our design cho...
Building DSS Feb 26, 2011
What is a Management Information System?
by Daniel J. Power Editor, DSSResources.COM Broadly defined, a Management Information System (MIS) refers to any computer-based system or applica...
DSS Foundations Aug 05, 2017
What are critical success factors for using advanced analytics?
by Daniel J. Power Editor, DSSResources.COM Presence of critical success factors (CSF) influence the performance of a task, project or organizati...
DSS Foundations Dec 21, 2013
What is a decision system?
Daniel J. Power, Ciara Heavin, and Peter Keenan A decision system is a collection of information-processing components that interact to make deci...
DSS Foundations Sep 02, 2018
What technologies are used for decision automation?
by Dan Power Editor, DSSResources.com Software and system designers can use a number of differing technologies to build a system to automate deci...
DSS Foundations Jul 30, 2012
What is required in an evidence-based decision process?
by Daniel J. Power Editor, DSSResources.COM Effective decision making is a well-worn concept, but specifically it refers to making decisions that...
DSS Foundations Mar 04, 2018
What factors indicate a special study is more appropriate than a DSS?
by Dan Power Editor, DSSResources.com Personal and organizational factors, cultural factors, decision factors, information factors and psycholog...
Building DSS Dec 26, 2015
How is data governance relevant to decision support?
by Daniel J. Power Data governance (DataGov) refers to a broad process of managing the availability, usability, integrity and security of data used...
DSS Foundations Oct 02, 2017
What is digital disruption?
by Daniel J. Power Editor, DSSResources.COM Digital disruption can be viewed as either a problem or as an opportunity or even perhaps as both sim...
DSS Foundations May 14, 2019
Can 'Big Brother' watch us?
by Dan Power Editor, DSSResources.com "Big Brother" is a familiar metaphor that conjures up visions of political surveillance, political control...
DSS Foundations May 30, 2016
What are ethical issues associated with building and using DSS?
by Daniel J. Power Editor, DSSResources.com Decision support builders and users face ethical challenges and issues. Some people think that bui...
Evaluating DSS Projects May 10, 2019
How important is forecasting decision support?
by Daniel J. Power Editor, DSSResources.COM Decision support and analytical systems that use data sets with models and statistical analyses remain...
DSS Foundations Jul 12, 2015
What is sabermetrics?
by Daniel J. Power Editor, DSSResources.COM Sabermetrics is a specific use of analytics in decision making. It is "the application of statistical...
DSS Foundations Feb 06, 2014
What is Alter's DSS taxonomy?
by Daniel J. Power Editor, DSSResources.com In the mid-1970s, the first wave of computerized decision support systems (DSS) became practical. St...
DSS Foundations Jun 18, 2018
Can multi-user visual simulations provide real world decision support?
by Dan Power Editor, DSSResources.com The computing technology for creating realistic visual simulations has improved tremendously in the past 20...
Evaluating DSS Projects Aug 19, 2007
What are the rules for building a successful model-driven DSS?
by Dan Power Editor, DSSResources.COM It is important to discuss what impacts the success of computerized Decision Support Systems. My DSS bo...
Model-driven DSS Oct 22, 2006
Do small businesses need DSS?
by Dan Power Editor, DSSResources.com Today decision-making is more difficult for all managers including those in small businesses. On the positi...
DSS Foundations Jan 10, 2010
What are example uses of business analytics?
by Daniel J. Power Editor, DSSResources.COM There are many applications and uses of business analytics. Quantitative and analytical models and to...
DSS Foundations Nov 24, 2018
Is ETL software needed to build a model-driven DSS?
by Daniel J. Power Editor, DSSResources.COM ETL refers to software used in the process of extracting data from a data source, transforming or alt...
Model-driven DSS Apr 15, 2017
How does a data architecture impact decision support capabilities?
by Daniel J. Power Editor, DSSResources.COM A data architecture is important, but sometimes the task of creating a formal architecture document se...
DSS Foundations Mar 31, 2015
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