Models for Decision Support Systems
Learn about the different models of DSS and how they are designed to suit the user, in this free online course.Publisher: NPTEL
CertificationView course modules
This free online course, Models for Decision Support Systems, is an introductory course on the different systems available to managers to assist with decision making. We need first to understand what a decision support system is, why it is required and who will be using it. A decision support system (DSS) is an interactive computer-based data system that serves at the management level of an organisation. You will learn the different uses for DSS and the various departments that will utilise these systems. This course will investigate the numerous other Decision Support Systems models available, the attributes of these systems, and what department and level of management are best fitted to each system. Decision support systems are created for every manager to perform a specific managerial duty or solve a specific predicament. Nevertheless, sometimes, they can also aid in making intricate decisions.
Next, you will learn how decision support systems are invented to obtain a competitive advantage over a rival. This course will look at the different characteristics of DSS systems used in marketing and pricing. You will also be looking at taxation, how companies try to avoid paying high taxes and why some countries offer tax-free zones. You will learn the steps taken to ensure that a good or service meets or exceeds a customer's expectation, how shipments take place and why companies need to be flexible to meet customer demands. This course will outline the different steps taken when designing a DSS model and the further problem statements that management may use to ensure that their system is well versed in handling best and worse case scenarios. Additionally, you will learn why DSS models are designed to be adaptable, flexible, and user-friendly.
Finally, the various models for decision support systems are needed as no two departments are the same, functions and roles vary. The overall role of the managers are similar, but the day-to-day decisions are very diverse. A marketing manager and a warehouse manager may need a decision support system to assist with decision-making. Still, they will need to alter the specifications, characteristics, and design to suit each manager. The central objective of a DSS is to strengthen the power, competitiveness, and aptitude of futuristic decision-making of the business. You cannot do this unless it is modelled for each department manager to ensure that their decisions are optimised to be of great value to the company. A decision support system is not a quick fix for any company, but it does empower the management team to make decisions. If you are a business owner, manager, or considering applying for a management role, this course is perfect for you. What are you waiting for? Enrol now and start your journey today!Start Course Now
Decision Support Systems for Marketing
Decision Support Systems for Marketing - Learning Outcomes
Case-Study Problem for Media Selection Model
Decision Support Systems for Product Pricing Model
Model Selection Using Cross - Validation
Decision Support Systems for Marketing - Lesson Summary
Risk and the Distribution Network
Risk and the Distribution Network - Learning Outcomes
Taxation and the Distribution Network
Transhipment, Flexibility and Six Sigma
Flexibility and Total Cost of the Network
Risk Analysis for the Distribution Network
Echelons in the Network
Risk and the Distribution Network - Lesson Summary
On successful completion of this course, you will be able to :
- Recall what cost represents.
- Explain the difference between direct and indirect taxes.
- Recall what a goal programming optimization method is.
- Discuss taxation
- Define flexibility.
- State the importance of flexibility in the supply chain.
- Summarise what a supply chain risk is.
- Recall why six sigma is necessary.
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