Ask Dan! about DSS

Frequently Asked Questions about Decision Support Systems by Dan Power

Search

50 results for "risk aversion"

Question	Category	Date
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
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
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 factors impact decision support project implementation risk? by Dan Power Editor, DSSResources.com Managers should contemplate a wide range of decision support projects. Perhaps an enterprise-wide, data wa...	Evaluating DSS Projects	Aug 15, 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 high-velocity decision making? by Daniel J. Power Editor, DSSResources.com Strategic, consequential decisions can and often should be made using a high-velocity, high-quality d...	DSS Foundations	Sep 06, 2017
Who are the major vendors of Excel add-in programs for building model-driven DSS? In an attempt to provide a comprehensive answer to this question, I visited the web sites of vendors listed on the Spreadsheet-based DSS vendor page a...	Model-driven DSS	Aug 07, 2005
What companies have gained a competitive advantage by building a DSS? by Daniel J. Power Editor, DSSResources.COM Software vendor salespeople and their sales materials often claim that a specific software product lik...	Building DSS	Jul 25, 2015
How can DSS help implement Basel II? Unless you work for a financial institution, or a DSS vendor or an IS/T consulting firm this question may not be directly relevant to you, but this As...	DSS Applications	Aug 07, 2005
What is stakeholder engagement? Daniel J. Power Editor, DSSResources.com Stakeholder engagement and stakeholder management are the most important ingredients for successful proje...	DSS Foundations	Jan 20, 2020
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
What are characteristics of decision processes? by Dan Power Editor, DSSResources.com In the past 50 years, a number of authors have identified and described characteristics that vary in organi...	DSS Foundations	Oct 11, 2009
How do predictive analytics support decision making? by Dan Power Editor, DSSResources.com Predictive analytics is a general term for using simple and complex models to support anticipatory decisio...	Building DSS	Jul 30, 2012
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
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
How can analytics and decision support improve cybersecurity? by Daniel J. Power Editor, DSSResources.COM Protecting digital data and information is crucial to organizational survival. Failing to anticipate ...	DSS Foundations	Jun 26, 2018
What is Planners Lab? by Dan Power Editor, DSSResources.COM Planners Lab is an innovative software product, a modern version of IFPS, a new tool for teaching student...	Model-driven DSS	Oct 22, 2006
What is agile project management? Daniel J. Power and Ciara Heavin Applying agile values and principles to managing a project is commonly identified as Agile Project Management (AP...	DSS Foundations	Mar 15, 2020
Who uses computerized decision support and analytics? by Daniel J. Power Editor, DSSResources.COM and Ciara Heavin Managing Editor, Journal of Decision Systems Traditionally, many researchers a...	DSS Foundations	Jan 08, 2017
What do managers need to know about DSS? by Dan Power Editor, DSSResources.com All managers need to master the what, when, who and why of computerized decision support systems (DSS). M...	DSS Theory	Oct 02, 2011
What are examples of database project failures? by Daniel J. Power Editor, DSSResources.COM Database centered projects for decision support and transaction processing do fail. How often? Acco...	DSS Foundations	Aug 18, 2013
How should digital ethics impact analytics and data mining? by Ciara Heavin and Daniel J. Power Ethics should guide analytics, data mining, decision support, and decision making. Big data and new analytica...	DSS Foundations	Mar 23, 2019
What are the characteristics of decisions? by Daniel J. Power Editor, DSSResources.COM and Ciara Heavin Managing Editor, Journal of Decision Systems Managers make many decisions and ...	DSS Foundations	Oct 30, 2016
Can mHealth help physicians manage patients and reduce their own cognitive workloads? Daniel J. Power and Ciara Heavin mHealth is an umbrella term for any use of mobile devices and telecommunications to support the practice of medic...	DSS Foundations	Jul 21, 2020
Why is anticipatory technology decision-making important? by Daniel J. Power Technology change is accelerating and advancing. Technology optimism, a belief that improved technology will always solve more p...	DSS Foundations	Jun 16, 2020
What are Drucker's views on planning and decision making? by Daniel J. Power Editor, DSSResources.com Peter Drucker (November 19, 1909 – November 11, 2005) was an influential management thinker. His w...	DSS Foundations	Apr 23, 2018
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 is a negotiation support system? Negotiation Support Systems (NSS) are designed to assist negotiators in reaching mutually satisfactory decisions by providing a means of communication...	DSS Foundations	Aug 10, 2007
What is big data? by Daniel J. Power Editor, DSSResources.COM Big data is an overused and somewhat confusing phrase. Big data is characterized by high volume, low...	DSS Foundations	Jul 02, 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
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
Can DSS improve strategic planning? by Dan Power Editor, DSSResources.com Decision support (DSS) can improve strategic planning and strategic control. Many organizations have not ...	DSS Foundations	Mar 05, 2016
What is value-driven delivery of projects and work? Daniel J. Power Editor, DSSResources.com Project managers, team leads, and other managers are encouraged to make project decisions that result in ...	DSS Foundations	Sep 17, 2019
What are examples of decision support systems in global enterprises? Dan Power Editor, DSSResources.COM This Ask Dan! continues the discussion of decision support in global enterprises (see DSS News of January 29,...	DSS Applications	Oct 22, 2006
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
Did decision automation cause the subprime mortgage crisis? by Daniel J. Power Editor, DSSResources.COM Actions of greedy and naive people caused the crisis. People built and implemented the computerized d...	DSS Foundations	Sep 14, 2018
Why are some organizations slow to adopt new decision support technologies? by Dan Power Editor, DSSResources.COM Change and innovation continues related to computerized decision support. Some managers seem quick to pur...	DSS Foundations	Jul 22, 2012
What is data warehousing? by Dan Power Editor, DSSResources.com For at least a hundred years, warehousing has referred to the short or long term storage of items in a spec...	DSS Foundations	Feb 18, 2010
How can decision support create competitive advantage? by Daniel J. Power Editor, DSSResources.COM Managers want to create capabilities that provide a competitive advantage. Decision support, analyti...	DSS Theory	Mar 02, 2013
What are Decision Support technology trends? At the turn of the year, it is common to think about trends and future developments related to many topics. The pace of technology change is speeding ...	Evaluating DSS Projects	Aug 07, 2005
Why are decision support case studies important? by Daniel J. Power Editor, DSSResources.COM Case studies help us understand decision support. Both teaching and research case studies serve a usef...	DSS Foundations	Aug 02, 2015
What is a decision support system feasibility study? by Dan Power Editor, DSSResources.com Someone in an organization has an idea for a replacement DSS or an innovative DSS. Perhaps a senior manage...	Building DSS	Jan 09, 2008
What is an Interorganizational DSS? by Dan Power Editor, DSSResources.com Inter-organizational DSS serve a company's customers, stockholders, bankers and/or suppliers. The purpose i...	DSS Foundations	Mar 18, 2011
Can computerized decision support reduce information asymmetry? by Dan Power Editor, DSSResources.com In multiparty decision situations, one party often has better information than another. These situations c...	DSS Foundations	Apr 29, 2012
How can managers identify opportunities to create innovative DSS? by Dan Power Editor, DSSResources.com Once a manager believes it is possible to gain significant benefits or even a competitive advantage from ...	Evaluating DSS Projects	Dec 12, 2007
What is data mining and how is it related to DSS? by Daniel Power Editor, DSSResources.com Data mining is a data analysis innovation first discussed in the 1990s. "Big data" and analytics has led...	Knowledge-driven DSS	Nov 30, 2015
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 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
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
How do data analytics support data-based decision-making? by Ciara Heavin and Daniel J. Power Analysis of data or data analytics is an integral component of a successful organizational digital transforma...	DSS Foundations	Nov 27, 2017

DSS Home \| About Us \| Contact Us \| Site Index \| Subscribe \| What's New
	Copyright © 1995-2021 by D. J. Power (see his home page). DSSResources.COM^sm was maintained by Daniel J. Power of PowerEnterprises.net. See disclaimer and privacy statement.