Exam 2: Foundations and Technologies for Decision Making

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Uncovering the existence of a problem can be achieved through monitoring and analyzing of the organization's productivity level. The derived measurements of productivity are based on real data.

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Name and give a brief description of each of the components of a DSS application.

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Geographical Information Systems (GIS) can be readily integrated with other, more traditional ________ components and tools for improved decision making.

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A normative model examines all the possible alternatives in order to prove that the one selected is the best.

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A(n) ________ map can help a decision maker sketch out the important qualitative factors and their causal relationships in a messy decision-making situation.

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The user communicates with and commands the DSS through the user interface subsystem. Researchers assert that some of the unique contributions of DSS are derived from

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________ in decision making involves scanning the environment, either intermittently or continuously.

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Only after the failed implementation of a decision can the decision maker return a prior stage of decision making.

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A major characteristic of a DSS and many BI tools (notably those of business analytics) is the inclusion of at least one model. How does the text describe a model?

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The model management subsystem provides the system's analytical capabilities and appropriate software management. Which of the following is NOT an element of the model management subsystem?

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The elevators case study shows that correct problem ________ is important in decision-making.

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Artificial intelligence-based DSS fall into this category of document-driven DSS.

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All of the following statements about decision style are true EXCEPT

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What class of DSS incorporates simulation and optimization?

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Web-based collaboration tools (e.g., GSS) can assist in multiple stages of decision making, not just the intelligence phase.

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DSS applications have been classified in several different ways. ________-driven DSS rely on knowledge coding, analysis, search, and retrieval for decision support.

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When HP approaches problem-solving, the first step in solving business problems is building a model that enables decision makers to develop a good understanding of the problem.

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A(n) ________ is a typically mathematically based model that describes things as they are or as they are believed to be.

(Short Answer)
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The model management subsystem includes financial, statistical, management science, and other quantitative models that provide the system's analytical capabilities plus appropriate software management. This software is often called a(n) ________.

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Since the business environment involves considerable uncertainty, a manager cannot use modeling to estimate the risks resulting from specific actions.

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