DSS News
D. J. Power, Editor
March 13, 2011 -- Vol. 12, No. 6
A Free Bi-Weekly Publication of DSSResources.COM
approximately 2,100 subscribers
In this issue:
1) What is a cost estimation DSS?
2) Recent DSS News Headlines
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1) What is a cost estimation DSS?
by Dan Power
Editor, DSSResources.com
Predicting costs for a project or task is often difficult. One approach
is to use historical cost data. Another approach is to use data and
quantitative models to adjust for changes in costs or cost uncertainty.
Cost estimation models are most often algebraic models where an analyst
or cost estimator can adjust parameters. Not many years ago, cost
estimation was a vague, heuristic task, but data and model-driven DSS
are now commonly used to improve the accuracy of the cost estimate or
prediction.
Continue reading at
http://dssresources.com/faq/index.php?action=artikel&id=71
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Purchase Dan Power's Decision Support Basics
http://businessexpertpress.com/books/decision-support-basics
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2) Recent DSS News Headlines
03/11/2011 SAP and IBM test SAP® in-memory appliance software
and demonstrate incredible results.
03/10/2011 IBM launches Global bootcamps to help companies
tackle big data challenges.
03/10/2011 Jaspersoft receives industry recognition for business
intelligence.
03/07/2011 Carnegie Mellon and Singapore Management University
to create the Living Analytics Research Center.
03/04/2011 IBM business analytics software helps BJC Healthcare
and Washington University improve healthcare through better research.
03/03/2011 Teradata to acquire Aster Data.
03/01/2011 MicroStrategy announces performance and scalability
test results across Linux and Windows platforms.
03/01/2011 Cities get smarter with IBM's location-based analytics.
Read the news at DSSResources.COM
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