Use Of Decision Support System In Finance

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Decision Support System—DSS Definition

    https://www.investopedia.com/terms/d/decision-support-system.asp
    A decision support system (DSS) is a computerized program used to support determinations, judgments, and courses of action in an organization or a business. A DSS sifts through and analyzes massive amounts of data, compiling comprehensive information that can be used to solve problems and in decision-making.

Financial DSS: Systems for Supporting Investment Decisions

    https://link.springer.com/chapter/10.1007%2F978-3-540-48716-6_20
    In this environment, decision support systems (DSSs) are playing more-important roles and improving the quality of decisions made by both professional and individual investors. This chapter illustrates the capabilities of financial DSSs with several examples of spreadsheet-based investment modeling and decision analyses.Cited by: 6

Decision Support System (DSS): Meaning, Features and Users

    http://www.yourarticlelibrary.com/management/decision-making-management/decision-support-system-dss-meaning-features-and-users/70296
    Decision support systems use data from the general management information system and they are used by a manager or a decision maker for decision support. The basic characteristic of the decision support system is that it is based on some tool, technique or model. These systems are used sometimes for testing new alternatives, training and learning.

Types of Decision Support Systems Management Study HQ

    https://www.managementstudyhq.com/types-of-decision-support-systems.html
    Decision Support Systems (DSS) A decision support system is an interactive computer-based system that serves the decision making needs of managers. It provides managers with information that enables them to make both semi-structured and unstructured decisions.

What Is a Decision Support System & Why do I Need One?

    https://blog.riverlogic.com/what-is-a-decision-support-system-why-do-i-need-one
    Oct 21, 2015 · First things first: what is a decision support system (also referred to as a DSS)? In short, it's a computer solution using decision logic and statistical data to help managers and operation planners overcome strategic deficiencies to implement streamlined, efficient solutions. DSS systems can be entirely optimized via computer, entirely human-powered or a hybrid of …

What is The Role of Finance? And What Exactly is Decision ...

    http://www.the-financedirector.com/features/feature1972/index.html
    The reality is that the finance function provides a broad range of different services to meet corporate, legal, statutory, tax and compliance requirements, to provide transactional, administrative, professional and technical services to the business, and to deliver financial and management reporting and value add decision support.

Decision Support System in Healthcare Industry

    https://pdfs.semanticscholar.org/5ff0/2f9b66a9720e29cdcdda8c12940d8dbb5c81.pdf
    played by [1] decision support system which is a „computer– based system that aids in the process of decision-making‟ in order to ensure correct diagnosis of any illness.

On the use of knowledge-based decision support systems in ...

    https://www.sciencedirect.com/science/article/pii/S016792369700002X
    ELSEVIER Decision Support Systems 20 (1997) 259-277 ism syst = On the use of knowledge-based decision support systems in financial management: A survey C. Zopounidis *, M. Doumpos, N.F. Matsatsinis Technical University of Crete, Department of Production Engineering and Management.Cited by: 98

Decision support financial definition of Decision support

    https://financial-dictionary.thefreedictionary.com/Decision+support
    a procedure which is concerned with getting appropriate information to managers as and when they need it and which aids the manager in making decisions. Decision support systems are generally based upon interactive COMPUTER networks which can help the manager to solve problems and to gauge the effects of alternative outcomes of a decision.



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