IJBTT

Decision Support System

	International Journal of Engineering Trends and Technology (IJETT)
	© 2013 by IJETT Journal
	Volume-4 Issue-4
	Year of Publication : 2013
	Authors : Prof.Medha Kulkarni , Ashish Wadhaval , Preeyal Shinde

Citation 

Prof.Medha Kulkarni , Ashish Wadhaval , Preeyal Shinde. "Decision Support System". International Journal of Engineering Trends and Technology (IJETT). V4(4):671-675 Apr 2013. ISSN:2231-5381. www.ijettjournal.org. published by seventh sense research group

Abstract

In this paper we introduce Decision support systems which are gaining an increased popularity in various domains, including business, engineering, the military, and medicine. They are especially valuable in situations in which the amount of available information is prohibitive for the intuition of an unaided human decision maker and in which precision and optimality a re of importance. Decision support systems can aid human cognitive defi ciencies by integrating various sources of information, providing intelligent access to relevant knowledge, and aiding the process of structuring decisions. They can also support choice among well - defi ned alternatives and build on formal approaches, such as the methods of engineering economics, operations research, statistics, and decision th eory. They can also employ artifi cial intelligence methods to address heuristically problems that are intractable by formal techniques. Proper application of decision - making tools increases productivity, efficiency, and eff ectiveness and gives many businesses a comparative advantage over their competitors, allowing them to make optimal choices for tec hnological processes and their parameters, planning business operations, logistics, or investments.

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