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Frequently Asked Questions about Decision Support Systems by Dan Power

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50 results for "cost benefit analysis"

Question	Category	Date
What is a DSS cost benefit analysis? by Dan Power Editor, DSSResources.com Decision support system cost benefit analysis is one technique used to determine if a proposed DSS should b...	DSS Foundations	Jul 18, 2010
What is a computer supported special decision study? by Dan Power Editor, DSSResources.com Frequently, computerized tools are used to prepare one-time special studies and reports in unstructured, ...	DSS Foundations	Dec 23, 2015
What decisions are appropriate for model-driven DSS? by Dan Power Editor, DSSResources.com Some decision problems occur across diverse businesses. Various approaches can be used to solve them depen...	Model-driven DSS	Dec 29, 2008
What evaluation tools are appropriate for DSS? by Daniel Power Editor, DSSResources.com Managers evaluate many types of projects, but those involving information technologies are often consid...	DSS Foundations	Dec 06, 2020
What are benefits of decision support applications in the cloud? by Dan Power Editor, DSSResources.COM Cloud computing is a distributed computing model that uses a network to share resources. The resources a...	DSS Foundations	Jul 08, 2012
What evaluation criteria are used for decision support projects? by Dan Power Editor, DSSResources.com One can categorize computerized decision support project evaluation concerns into 4 general criteria are...	DSS Foundations	Nov 28, 2007
What are benefits of Interorganizational DSS? by Dan Power Editor, DSSResources.com In general, an organization can benefit by providing DSS to its customers, suppliers and other significant...	DSS Applications	Mar 19, 2008
Do consumers need decision support capabilities? by Dan Power Editor, DSSResources.com Purchase decisions have become increasingly complex with the advent of Internet shopping. Making decisions...	DSS Foundations	Feb 27, 2013
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
Why are transportation problems popular applications for DSS? In the early 1970s, many researchers were trying to apply mathematical programming to business problems. The transportation problem was often discusse...	DSS Applications	Aug 07, 2005
Is it advantageous to outsource development and operation of Decision Support Systems? Sometimes! Currently, outsourcing and especially global outsourcing of information technology services is one of the most controversial business, econ...	Evaluating DSS Projects	Aug 07, 2005
What is a decision support model? by Dan Power Editor, DSSResources.com In the realm of decision support, a model is a quantitative description of a phenomenon. A model replicates...	DSS Foundations	Jan 13, 2013
How can and should students collect field information about DSS? At least half of the Ask Dan! email questions come from students studying Decision Support Systems in an undergraduate or graduate academic program. R...	Building DSS	Aug 16, 2005
What is the job of a decision support analyst? by Dan Power Editor, DSSResources.com Job titles often summarize job duties and sometimes the title conveys prestige or reflects the responsibli...	DSS Foundations	Jul 30, 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 are benefits of using decision support? by Daniel J. Power Editor, DSSResources.COM Organizational benefits of using computerized decision support include: Help Team Members Function ...	DSS Foundations	Dec 02, 2016
What software can help implement the Basel accords? by Dan Power Editor, DSSResources.com Identifying and evaluating software for a very broad purpose like supporting the Basel capital accords (htt...	DSS Foundations	Sep 03, 2011
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
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
When is "real-time" decision support desirable and needed? My Ask Dan! column “What is ‘real-time’ decision support in DSS News (Vol. 3, No. 24) struck a chord with some readers. This column is a follow-...	Building DSS	Aug 06, 2005
What is the decision support information demand and supply equilibrium? by Daniel J. Power Editor, DSSResources.COM At equilibrium the demand for decision support data and information equals the supply. In this era of...	DSS Foundations	Oct 28, 2018
What are the features of a communications-driven DSS? by Daniel J. Power Editor, DSSResources.COM Questions about the features and characteristics of the five types of DSS (Power, 2002) are common i...	Communications-driven DSS	Mar 02, 2007
When is agile most appropriate? Daniel J. Power Editor, DSSResources.com Agile methods are most appropriate when project requirements are uncertain, stakeholders seek rapid resul...	DSS Foundations	Nov 24, 2019
How are creativity and imagination related to decision support? by Daniel J. Power Editor, DSSResources.COM Think for a moment about decision making. In some situations, alternative actions are obvious or can b...	DSS Foundations	Jul 02, 2015
What are the advantages and disadvantages of computerized decision support? by Daniel J. Power Editor, DSSResources.COM This question in various forms has been popular in the Ask Dan! email. For example, J. Maclearn aske...	DSS Theory	Mar 02, 2007
What are pros and cons of self-service data analytics tools? by Daniel J. Power Editor, DSSResources.com Many managers and employees want more direct access to proprietary organization data. Vendors promote...	DSS Foundations	Oct 09, 2017
Is reengineering needed to build an effective DSS? by Dan Power Editor, DSSResources.com No! Some specific business decision processes have serious weaknesses and problems that can be solved by i...	Building DSS	Nov 15, 2007
What criteria should be used to evaluate BI/DW vendor solutions? by Dan Power Editor, DSSResources.com Selecting an enterprise business intelligence (BI)/data warehouse (DW) vendor solution is an important deci...	DSS Foundations	Dec 26, 2013
How useful is DSS case study research? by Daniel J. Power Editor, DSSResources.COM Decision Support Systems (DSS) encompass a broad array of software artifacts intended to support deci...	DSS Foundations	Oct 03, 2015
What is mobile decision support? Daniel J. Power Editor, DSSResources.com Mobile devices can empower decision makers. Mobile decision support uses wireless technology and portable...	DSS Theory	Nov 11, 2012
What is a cost estimation DSS? by Dan Power Editor, DSSResources.com In many industries, bids are submitted in response to requests for proposals (RFPs). Preparing a bid for a ...	DSS Applications	May 13, 2017
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 is the technology adoption curve? Is it relevant to DSS? by Daniel J. Power Editor, DSSResources.COM The technology adoption curve (TAC) is a theory about how individuals and organizations behave in impl...	DSS Theory	Dec 31, 2019
What is an agile framework for projects? Daniel J. Power Editor, DSSResources.com An agile framework or methodology guides teams in an iterative and incremental delivery of a project goal...	DSS Foundations	Feb 06, 2020
What does it mean to keep a person in the decision loop? by Daniel J. Power In this Age of Automation, machines with appropriate software can make well-understood decisions without involving a person. We ...	DSS Foundations	Aug 29, 2020
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
How does organization level impact decision support? by Dan Power Editor, DSSResources.com A wide variety of managerial decisions are made in each organization's hierarchy. Many of those decision...	Building DSS	Aug 05, 2008
Can computerized decision support improve national security decision making? by Daniel J. Power Editor, DSSResources.COM PERHAPS. The current review of options for exiting from Iraq demonstrates the complexity of national...	DSS Theory	May 01, 2007
What criteria should be used for evaluating DSS software packages? by Daniel J. Power Editor, DSSResources.COM Evaluating software packages is an important task. Some people might be quick to list criteria like e...	Evaluating DSS Projects	Feb 06, 2016
What is an enterprise information architecture? by Daniel J. Power Editor, DSSResources.COM According to The Open Group Architecture Framework (2006), an enterprise information architecture is "...	DSS Foundations	Apr 01, 2015
What kind of DSS does Mr. X need? by Daniel J. Power Editor, DSSResources.com There are many "kinds" of decision support for diverse decision making situations. Both IS/DSS softw...	Building DSS	Aug 03, 2014
What steps can lead to digital transformation? by Daniel J. Power Editor, DSSResources.com Digital transformation is an ongoing and evolving process of change that is focused on generating, an...	DSS Foundations	Jan 07, 2018
Is the technology acceptance model relevant to decision support? by Daniel Power Editor, DSSResources.com Substantial resources are expended building and installing decision support systems. Some guidance about...	DSS Foundations	Jul 31, 2016
Why use a common language when developing and using decision support? by Ciara Heavin and Daniel J. Power Developing a common language between developers, managers and other decision support users improves communica...	DSS Foundations	Feb 04, 2017
Can decision support provide a competitive advantage? by Dan Power Editor, DSSResources.COM Some software vendors claim their decision support, analytics or business intelligence applications will ...	DSS Theory	Oct 02, 2012
What is project portfolio management? Daniel J. Power Editor, DSSResources.com Project portfolio management (PPM) is a coordination and control process that selects, prioritizes, and s...	DSS Foundations	Jan 20, 2020
How is analytics, BI and decision support shaping global society? by Daniel J. Power Editor, DSSResources.COM Computer-based analysis and decision support began impacting global society in the early 1950s. By 19...	DSS Foundations	Sep 01, 2013
What are benefits and risks of outsourcing enterprise-wide DSS? by Dan Power Editor, DSSResources.com Some companies outsource major Information Technology (IT) activities like Internet and Intranet operatio...	Building DSS	Apr 16, 2008
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 is predictive asset management? by Daniel J. Power Editor, DSSResources.COM Cognizant, Deloitte, IBM, SAS and other vendors and consulting firms are promoting use of predictive ...	DSS Foundations	Jun 27, 2018

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