Applied decision sciences overview
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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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Applied Decision Sciences Overview

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Applied decision sciences overview

Applied Decision SciencesOverview

Dr. Alok Srivastava


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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