scholarly journals Building consensus in strategic decision making: System dynamics as a group support system

1995 ◽  
Vol 4 (4) ◽  
pp. 335-355 ◽  
Author(s):  
Jac A. M. Vennix
Keyword(s):  
Decision Making ◽  
System Dynamics ◽  
Support System ◽  
Strategic Decision ◽  
Strategic Decision Making ◽  
Group Support ◽  
Group Support System ◽  
Decision Making System

scholarly journals From Strategic Management to Information Strategy Management It will be possible to increase the available time Strategic Decision Making?

2021 ◽  
Vol 04 (05) ◽  
Author(s):  
Jose Rascão ◽  
Keyword(s):  
Decision Making ◽  
Global Economy ◽  
Relevant Information ◽  
Strategy Management ◽  
Strategic Decision ◽  
Industrial Society ◽  
Strategic Decision Making ◽  
Process Understanding ◽  
Decision Making System ◽  
The Relationship

This article investigates the main concepts and activities of information,while it is in the strategic decision-making system, treated by literature. Since information has become the source of value of the global economy for organizations, information plays a key role in contributingto the development oforganizations' performance by selecting business-relevant information. The relationship between strategic information management and business activities contributes to the strategic decision-making processfor a more effective and efficient decision-making process. Understanding the importance of information as a strategic resource in the management of organizations is becoming more important for strategists, than the formulation ofstrategic models,of industrial society. In the 21st century no Manager will be able to define and implement the strategy successfully, without a basic understanding of information for strategic decision making.

Asynchronous and Distributed Multi-Criteria Decision Making Using a Web-Based Group Support System

2011 ◽  
pp. 168-191 ◽  
Author(s):  
Sajjad Zahir ◽  
Brian Dobing
Keyword(s):  
Decision Making ◽  
Support System ◽  
Prototype System ◽  
Group Support ◽  
Analytic Hierarchy ◽  
Group Support System ◽  
Web Based ◽  
Typing Skills ◽  
Conventional Systems ◽  
User Friendly

A detailed model for designing a Web-based Multi-Criteria Group Support System (MCGSS) is presented. The model is based on the Analytic Hierarchy Process (AHP) and uses the intensity of preferences of group members rather than simple voting procedures. This approach offers several advantages over simple voting mechanisms, including a much richer picture of both individual and group positions and more equitable decision-making. A prototype system, with a user-friendly graphical user interface (GUI), has been developed and used to analyze an experimental group decision process over the Internet. This permits a wider range of users, including those with limited typing skills, asynchronous communication across many time zones, and a larger number of participants than conventional systems. An agenda for further research is outlined.

scholarly journals Group support system and explanatory feedback: An experimental study of mitigating halo effect

2015 ◽  
Vol 18 (3) ◽  
pp. 417
Author(s):  
Intiyas Utami ◽  
Sutarto Wijono
Keyword(s):  
Decision Making ◽  
Experimental Study ◽  
Support System ◽  
Halo Effect ◽  
Comprehensive Assessment ◽  
Decision Making Process ◽  
Initial Condition ◽  
Group Support ◽  
Group Support System ◽  
Online Web

Comprehensive assessment potentially leads to halo effect that will affect accuracy of auditors decision-making process. Biased initial audit decision will potentially influence final audit decision. It is there-fore necessary to mitigate halo effect that is the consequence of auditors good impression on clients initial condition. This re-search aims to empirically show that halo effect can be mitigated by explanatory feedback and Group Support System (GSS). The researchers experimentally mani-pulate explanatory feedback and GSS using online web-site. The subjects are stu-dents who have already taken auditing courses. The results show that: 1) explanato-ry feedback can mitigate halo effect so that audit decision will be more accurate 2) GSS can also mitigate halo effect 3) explanatory feedback and GSS are the best me-thods to mitigate halo effect.

Expanding Data Mining Power with System Dynamics

2008 ◽  
pp. 2688-2696
Author(s):  
Edilberto Casado
Keyword(s):  
Data Mining ◽  
Decision Making ◽  
Pattern Recognition ◽  
System Dynamics ◽  
Knowledge Discovery ◽  
Strategic Decision ◽  
Knowledge Discovery In Databases ◽  
Strategic Decision Making ◽  
The World ◽  
Mathematical Techniques

Business intelligence (BI) is a key topic in business today, since it is focused on strategic decision making and on the search of value from business activities through empowering a “forward-thinking” view of the world. From this perspective, one of the most valuable concepts within BI is the “knowledge discovery in databases” or “data mining,” defined as “the process of discovering meaningful new correlations, patterns, and trends by sifting through large amounts of data stored in repositories, using pattern recognition technologies as well as statistical and mathematical techniques” (SPSS, 1997).

Expanding Data Mining Power with System Dynamics

2005 ◽  
pp. 1155-1161
Author(s):  
Edilberto Casado
Keyword(s):  
Data Mining ◽  
Decision Making ◽  
Pattern Recognition ◽  
System Dynamics ◽  
Knowledge Discovery ◽  
Strategic Decision ◽  
Knowledge Discovery In Databases ◽  
Strategic Decision Making ◽  
The World ◽  
Mathematical Techniques

Business intelligence (BI) is a key topic in business today, since it is focused on strategic decision making and on the search of value from business activities through empowering a “forward-thinking” view of the world. From this perspective, one of the most valuable concepts within BI is the “knowledge discovery in databases” or “data mining,” defined as “the process of discovering meaningful new correlations, patterns, and trends by sifting through large amounts of data stored in repositories, using pattern recognition technologies as well as statistical and mathematical techniques” (SPSS, 1997).

A Decision Support System for Brewery Production Planning at Feldschlösschen

2021 ◽  
Author(s):  
Markus Mickein ◽  
Matthes Koch ◽  
Knut Haase
Keyword(s):  
Decision Making ◽  
Decision Support ◽  
User Interface ◽  
Decision Support System ◽  
Production Planning ◽  
Support System ◽  
Strategic Decision ◽  
Strategic Decision Making ◽  
Visualization Tool ◽  
Optimization Framework

This article presents a decision support system (DSS) for multilevel production planning implemented at a Swiss brewery. The DSS supports supply chain executives in tactical and strategic decision making. The system consists of a user interface and visualization tool embedded in a cloud-based optimization framework.

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