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DECISION SUPPORT SYSTEMS(DSS)

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DECISION SUPPORT SYSTEMS(DSS) A decision support system  is a computer-based information system that supports business or organizational decision-making activities. DSS serve the operations, management,  and planning levels of an organization and help to make decisions, which may be rapidly changing and not easily specified in advance. DSSs include knowledge-based systems. A properly designed DSS is an interactive software-based system intended to help decision makers compile useful information from a combination of raw data, documents,business models or personal knowledge to identify and solve problems and make decisions. Typical information that a decision support application might gather and present are:  comparative sales figures between one period and the next,  Projected revenue figures based on product  inventories of information assets (including legacy and relational data sources, cubes, data warehouses, and data marts), Components of  DE...
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CONCEPT OF PRODUCTION

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CONCEPT OF PRODUCTION Production function is ‘the part of an organisation, which is concerned with the transformation of a range of inputs into the required outputs (products) having the requisite quality level’. Production is defined as ‘the step-by-step conversion of one form of material into another form through chemical or mechanical process to create or enhance the utility of the product to the user’. Thus production is a value addition process. At each stage of processing, there will be value addition. Edwood Buffa defines production as ‘a process by which goods and services are created’. Some examples of production are: manufacturing custom-made products like, boilers with a specific capacity, constructing flats, some structural fabrication works for selected customers, etc., and manufacturing standardized products like, car, bus, motor cycle, radio, television, etc. PRODUCTION SYSTEM The production system is ‘that part of an organisation, which produces products of an or...
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Research Methodology - Introduction, Objective

Research Methodology  Definition:-   The Advanced Learner’s Dictionary of Current English lays down the meaning of research as “a careful investigation or inquiry specially through search for new facts in any branch of knowledge.”   RESEARCH OBJECTIVES The purpose of research is to discover answers to questions through the application of scientific procedures. The main aim of research is to find out the  hidden which has not been discovered till now . each research study has its own purpose, with research objectives 1.  To portray accurately the characteristics of a particular individual, situation or a group. 2. To determine the frequency with which something occurs or with which it is associated  with something else. 3. To gain familiarity with a situation or to achieve new insights into it. 4. To test a hypothesis of a causal relationship between.  Click here for download complete File in PDF
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