The key points from this module are:
A Structured problem is very well defined. It cannot be interpreted in any other manner.
A model is a set of mathematical relationships that correspond to some real-world relationships.
There are three real-world model types; Choice Model, Sorting Model and Ranking Model.
We need a DSS Model Because business decisions, business problems will come, and you will have to make a decision.
These are the classification of models in the real world:
Stochastic modelsMathematical Programming Models
Log in to save your progress and obtain a certificate in Alison’s free Diploma in Decision Support Systems for Managers online course
Sign up to save your progress and obtain a certificate in Alison’s free Diploma in Decision Support Systems for Managers online course
Please enter you email address and we will mail you a link to reset your password.