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Applied Decision Sciences Overview

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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  1. Applied Decision SciencesOverview Dr. Alok Srivastava

  2. Analytical Methods Information Technology Decision Making Decision Sciences: Conceptualized!

  3. Decision Makers INDIVIDUALS GROUPS ORGANIZATIONS

  4. 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

  5. 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

  6. STRATEGIC TACTICAL OPERATIONAL Types and Levels of Decisions DECISION SUPPORT UNSTRUCTURED MANAGEMENT INFORMATION STRUCTURED TRANSACTION PROCESSING

  7. 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

  8. Applications of Information Technology • Transaction Processing Systems • Management Information Systems • Decision Support Systems

  9. Data Base Decision Support Systems Model Base Knowledge Base User Interface

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