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Frequently Asked Questions about Decision Support Systems by Dan Power

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50 results for "cost estimation"

Question	Category	Date
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
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 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
What is a spreadsheet-based DSS? by Dan Power Editor, DSSResources.com Most managers are familiar with spreadsheet packages like Microsoft Excel. If a decision support system (D...	Model-driven DSS	Jan 30, 2017
Can DSS improve state government tax revenue projections? In the United States, state governments forecast tax revenues, prepare spending budgets based on the forecast, and then track and monitor tax receipts...	DSS Applications	Aug 07, 2005
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
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 best data analytics approach? by Ciara Heavin and Daniel J. Power Selecting the most appropriate data analytics approach and tools for a specific task or project can be very c...	DSS Foundations	Sep 18, 2017
What are the features of a model-driven DSS? by Dan Power Editor, DSSResources.com This is the final column about features of computerized decision support systems. The focus is on mod...	Model-driven DSS	Aug 09, 2008
What are substitutes for computerized decision support? by Dan Power Editor, DSSResources.com Some computerized decision support is increasingly a necessity, but there remain many substitutes or alter...	DSS Theory	Aug 06, 2005
What is a DSS? by Dan Power Editor, DSSResources.com "What is a DSS?" is a fundamental question that many have addressed over the years. It seems appropriate to...	DSS Foundations	Mar 20, 2009
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 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 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
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
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 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 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 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 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 is the information technology productivity paradox? by Daniel J. Power Editor, DSSResources.COM Starry-eyed salespeople proclaimed that information technology would revolutionize organizations, cre...	DSS Foundations	Dec 24, 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
What are advantages and disadvantages of data warehouses? by Dan Power Editor, DSSResources.com The concept of a data warehouse for decision support traces back to about 1990 and the works of Bill Inmon...	Data-driven DSS	Dec 03, 2008
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 key tasks of a database administrator? by Daniel J. Power Editor, DSSResources.COM Managing data is very important for creating data-driven decision support applications and for specia...	DSS Foundations	Jun 30, 2014
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
How does edge computing impact decision support? by Daniel J. Power Editor, DSSResources.COM Edge computing means more data for predictive analytics and model-driven decision support can be proc...	DSS Foundations	Feb 10, 2019
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
What software companies sell data-driven DSS? by Dan Power Editor, DSSResources.com Where can I buy a data-driven DSS? or who sells DSS? are common questions that those new to computerized ...	Building DSS	Sep 18, 2011
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/was IFPS? IFPS is an acronym for interactive financial planning system. My friend Paul Gray is an expert on financial planning systems and IFPS, and what I know...	Model-driven DSS	Aug 07, 2005
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
What questions are important for evaluating a BI proposal? by Dan Power Editor, DSSResources.com Introducing a major project to provide enterprise-wide business intelligence is much more than just another...	DSS Foundations	Jan 30, 2011
What is the Pareto Principle? by Daniel J. Power and Ciara Heavin Becoming agile means a person, a group, and the organization team as a whole understands and applies the Paret...	DSS Foundations	Jan 30, 2020
What influences acceptance of decision support technologies? by Dan Power Editor, DSSResources.COM Acceptance is an important issue when implementing decision support capabilities especially those that ...	DSS Foundations	May 13, 2012
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 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
What are specific benefits of document-driven DSS? by Dan Power Editor, DSSResources.com Document-driven DSS is a relatively new category of computerized decision support. These systems assist in ...	DSS Foundations	Aug 02, 2010
Is decision support outsourcing a mistake? by Daniel J. Power Editor, DSSResources.COM Outsourcing of any organization capability, function or task should be driven by strategy not simply ...	DSS Foundations	Apr 26, 2015
Is Amazon Web Services a 'good fit' for decision support and OLTP? by Daniel J. Power Editor, DSSResources.COM Amazon Web Services (AWS) hosts many popular Web applications including: Instagram, Vine, IFTTT, Netf...	DSS Foundations	Aug 25, 2013
What software tools should be used to build Web-based DSS? by Dan Power Editor, DSSResources.com Many Information Systems people, including students and managers, want to do more that try a Web-based DSS...	Building DSS	Mar 18, 2009
What is your analysis of the history and current status of DSS? The introduction of the personal computer in the early 1980s led some people to conclude that technology had reached the level where we could do just ...	DSS Foundations	Aug 07, 2005
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
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 security important for decision support applications? by Daniel J. Power Editor, DSSResources.COM Decision support applications often contain sensitive data that should be secured. Also, a common sou...	DSS Foundations	Apr 14, 2013
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
Is decision automation a hot topic? Does using a DSS require statistical expertise? YES and NO. Decision automation refers to using technologies including computer processing to make decisions and implement programmed decision process...	DSS Foundations	Aug 16, 2005
What is DevOps and is it important to decision support? by Daniel J. Power Editor, DSSResources.COM DevOps is a made-up term for a software/systems development method, practice or technique that combi...	DSS Foundations	Nov 14, 2015

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