Decision Support Systems Flashcards
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Read the first 6 Decision Support Systems flashcards as text
What is the primary purpose of a Decision Support System (DSS)?
Answer: To support managerial decision-making with data analysis
A DSS is designed to support managerial decision-making by providing analytical tools and data access.
Which component of a DSS stores and manages data used for analysis?
Answer: Database
The database component of a DSS stores the data that managers use for analytical decision-making.
What type of DSS helps groups of decision-makers collaborate?
Answer: Group Decision Support System (GDSS)
A Group Decision Support System (GDSS) is designed to facilitate collaborative decision-making among groups.
Which DSS modeling technique allows managers to test scenarios by changing variables?
Answer: What-if analysis
What-if analysis in a DSS allows managers to test scenarios by changing variables to see potential outcomes.
A DSS that uses historical data to forecast future outcomes is an example of which type?
Answer: Predictive DSS
A predictive DSS uses historical data and statistical models to forecast future events or outcomes.
Which of the following is NOT a typical component of a classical DSS?
Answer: Payroll processing system
Classical DSS components include database management, model management, and user interface — payroll processing is a TPS function.
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