scholarly journals INFORMATION SUPPORT FOR THE MANAGEMENT DECISION-MAKING PROCESS

2020 ◽  
Author(s):  
Elena Ovdiy ◽  
Maria Melyanitska
Keyword(s):  
Decision Making ◽  
Information Support ◽  
Management Decision ◽  
Decision Making Process ◽  
Management Decision Making

scholarly journals Modern Information Technologies: Obstacles and Assistants in Management Decision-Making. Article Two. Opportunities

2021 ◽  
pp. 10-16
Author(s):  
V. A. Shamakhov ◽  
N. M. Mezhevich
Keyword(s):  
Decision Making ◽  
Information Technologies ◽  
Information Support ◽  
Management Decision ◽  
Quality Of Information ◽  
Management Decision Making ◽  
Long Time ◽  
Filter Bubbles ◽  
Main Effects

The dependence of management decisions on information support is not a debatable issue for a long time. However, the changing quality of information creates both new challenges and new opportunities in the information and analytical field. The decision-making process, which would seem to be facilitated by digitalization, is actually becoming more complicated. As one of the main effects of digitalization, we note the apparent availability of information. In fact, simple facts that create an information network no longer become, moreover, they become smaller, or rather, their availability decreases. The necessary information sinks in the ocean of information noise. Echo chambers and filter bubbles exacerbate this problem. At the same time, the possibilities provided by the effects of echo cameras and information bubbles remain low.

scholarly journals Application of Genetic Algorithms for Decision-Making in Project Management: A Literature Review

2019 ◽  
Vol 22 ◽  
pp. 22-31
Author(s):  
Ieva Ancveire ◽  
Inese Poļaka
Keyword(s):  
Decision Making ◽  
Genetic Algorithms ◽  
Project Management ◽  
Human Resources ◽  
Scientific Literature ◽  
Management Decision ◽  
Decision Making Process ◽  
Development Projects ◽  
Management Decision Making ◽  
Available Information

In software development projects, managers still have to face a variety of organisational and technical limitations despite the development of technology and approaches to improve the project management process. Projects, Human Resources and Costs are planned for a specific period of time. However, in the progression of project execution, there is a need to make various decisions and to dynamically adjust the work plan during the project in order to conform to its evolution. Thus, there is a need for a method that employs the latest technology to support the project management decision-making process. The aim and the expected result of the article are to identify and collect available information in the scientific literature to answer the following questions: (1) Which challenges of project management have been addressed using genetic algorithms? (2) What are the opportunities and limitations of genetic algorithms in the project management decision-making process? (3) What are the potential solutions to the identified genetic algorithm problems?

scholarly journals Conflitos de Agência e Assimetria de Informações Contábeis: Entre a Tomada de Decisão e a Gestão Corporativa

2020 ◽  
Vol 5 (2) ◽  
pp. 234
Author(s):  
Kathleen Xavier de Almeida ◽  
Ruan Carlos dos Santos ◽  
Maria do Socorro Silva Mesquita ◽  
Rosimery Alves de Almeida de Lima
Keyword(s):  
Decision Making ◽  
Accounting Information ◽  
Management Decision ◽  
Decision Making Process ◽  
Accounting Systems ◽  
Governmental Organizations ◽  
Non Governmental Organizations ◽  
Close Relationship ◽  
Management Decision Making ◽  
Research Findings

Objective - The registration and disclosure of the company's accounting information, attributed to the accounting professional, is of utmost importance for the decision making process for the company-manager. This theoretical essay presents and discusses the main contributions of the theory on management decision making between the company and the accounting process.Methodology - In methodological terms, this study is defined as a theoretical essay, in the sense that it seeks, through the existing literature, an understanding of the issue of Corporate Governance in Non-Governmental Organizations. This study can be classified as a theoretical-conceptual bibliographic research. The study will search the existing literature of the theme, with the purpose of elaborating a theoretical reference on Agency Theory, Accounting and Corporate Governance.Results - As a contribution to the discussion, this work was developed from extensive bibliographic research in Brazilian and international journals and events, contemplating foundations related to the reality of Accounting and organizations. Although few researches address the association of these theories with accounting practice, especially regarding the production of accounting information for external users, the research findings expose the close relationship between the two fields of knowledge. Contributions - Among the main contributions of decision theories to accounting science, knowledge about human behavior that can be used in behavioral accounting, the need for subsidies for accountants to make more rational decisions and, especially, the possibility of improving accounting systems, aiming at better treatment of information for the decision-making process, stand out.

scholarly journals Simulation as Implementation of Digital Approach to Decision-Making under Uncertainty and Risk

2019 ◽  
Vol 62 ◽  
pp. 11004
Author(s):  
O.V. Tiutyk ◽  
M.E. Butakova
Keyword(s):  
Decision Making ◽  
Process Model ◽  
Relevant Literature ◽  
Information Support ◽  
Practical Significance ◽  
Primary Data ◽  
Management Decision ◽  
Decision Making Under Uncertainty ◽  
Modeling Tools ◽  
Management Decision Making

The paper articulates the problem of modeling management decision-making process in new digital reality: decision-making under uncertainty, volatile environment, huge amount of data to be accounted, objective analytical risk attitude. The proposed solution includes critical selection of risk and uncertainty management tools aimed at improvement quality of management decision-making information support in the sustainable development context (on the example of construction projects). The aim of research is the development of the new “digital” approach to the process of reducing uncertainty when decision making in highly risk projects, including the process model and toolkit. Methodology is based on logical analysis and synthesis, decomposition, qualitative analysis of the relevant literature and primary data (top management informal interviews, targeted sample), comparative and regression analysis, time series analysis, mathematical statistics and simulation modelling based on nine sets of design estimation paperwork and turnover-balance sheets. The contribution into the existing knowledge includes substantiating the correlation of the terms of the digital decision-making and simulation modeling tools in high-risk projects management under insufficient statistical data and their mutual interaction. Also, advisability of formalization of the decision-making method based on unprocessed design estimates is justified, and appropriate methods for sustainable decision-making information support are selected. The approbation demonstrated practical significance and economic effectiveness of developed approach; experiment was carried out on the base of «RSU – 6» LLC’s projects (Tchaikovsky, Perm region).

scholarly journals A decision-making method based on consumer spending data

2020 ◽  
Vol 73 ◽  
pp. 01006
Author(s):  
Radim Dušek
Keyword(s):  
Decision Making ◽  
Czech Republic ◽  
Management Decision ◽  
Decision Making Process ◽  
Data Sets ◽  
Consumer Spending ◽  
The Czech Republic ◽  
Management Decision Making ◽  
Gis Software ◽  
Future Growth

The aim of the paper is to introduce method which allows to calculate the estimation of the total consumer spending for 2019 in different regions of the Czech Republic. Presented method is based on combination of publicly available consumer spending data sets and geomarketing information. It can be applied to estimate consumer spending in total or for example only in one specific consumption expenditure group. Thus obtained findings, that can be visualized on a map with the use of GIS software, can be considered as a basis for more effective SMEs‘ marketing and management decision-making process concerning Czech Republic local consumer goods markets‘ size and characteristics as well as for forecasting future growth rate.

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