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Applied Decision Sciences Overview. Dr. Alok Srivastava. Analytical Methods. Information Technology. Decision Making. Decision Sciences: Conceptualized!. Decision Makers. INDIVIDUALS. GROUPS. ORGANIZATIONS. Decision Making Process. INTELLIGENCE. Fact Finding

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Presentation Transcript
decision sciences conceptualized

Analytical Methods

Information Technology

Decision Making

Decision Sciences: Conceptualized!
decision makers
Decision Makers

INDIVIDUALS

GROUPS

ORGANIZATIONS

decision making process
Decision Making Process

INTELLIGENCE

  • Fact Finding
  • Problem/Opportunity Sensing
  • Analysis/Exploration
  • Formulation of Solutions
  • Generation of Alternatives
  • Modeling/Simulation

DESIGN

  • Alternative Selection
  • Goal Maximization
  • Decision Making
  • Implementation

CHOICE

decision environment

DATABASED

MODELBASED

KNOWLEDGEBASED

Decision Environment

UNCERTAINTY

COMPLEXITY

EQUIVOCALITY

  • Facts not known
  • Gather Information
  • Fact Finding /.Analysis
  • Too many facts
  • Generate Information
  • Simulation/Synthesis
  • Facts not Clear
  • Interpret Information
  • Application of Expertise
types and levels of decisions

STRATEGIC

TACTICAL

OPERATIONAL

Types and Levels of Decisions

DECISION

SUPPORT

UNSTRUCTURED

MANAGEMENT

INFORMATION

STRUCTURED

TRANSACTION

PROCESSING

analytical methods
Analytical Methods
  • Quantitative Methods
  • Mathematical / Algebraic / Calculus Methods
  • Statistical Modeling and Analysis
  • Management Science / Operations Research Techniques
  • Accounting / Financial Modeling
  • Qualitative Methods
  • Nominal Group Techniques
  • Heuristic Based Methods
  • Expert Systems / AI
applications of information technology
Applications of Information Technology
  • Transaction Processing Systems
  • Management Information Systems
  • Decision Support Systems
decision support systems

Data

Base

Decision Support Systems

Model

Base

Knowledge

Base

User Interface

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