Mis and decisin making concepts

An ideal MIS is supposed to make a decision for the manager. At the top management level, it is a situation of total uncertainty on account of insufficient knowledge of the external environment and the difficulty in forecasting business growth on a long-term basis.

Dynamic decision-making involves observing how people used their experience to control the system's dynamics and noting down the best decisions taken thereon.

MIS - Managerial Decision-Making

Decision taken by strategic managers is to push new and innovative business line or initiative. No method, rule or model is available to study and finalize one decision among the set of decision alternatives.

On the other hand, the MIS which is not adequately planned for analyzed, designed, implemented or is poorly maintained may provide developed inaccurate, irrelevant or obsolete information which may prove fatal for the organization. See whether there is anything you should learn and then correct in future decision making.

The relevance of the decision-making concepts is significant in the MIS design. Such decisions contribute directly to the achievement of common goals of the organization; have long range effect upon the organization. That means the data gathered for data analysis should be such that it provides diagnostics and also provide a path to bring the problem to surface.

The fund of information motivates an enlightened manager to use a variety of tools of the management. The manager having identified this as the problem of optimization, now examines the use of linear programming LP model. Each step may be supported by different tools and techniques.

The MIS plays exactly the same role in the organization. Some of the problems call for a competitive analysis, such as payoff analysis. A number of decision-making problem calls for optimization, and operational models are available which can be made a part of the system, the optimization models are static and dynamic, and both can be used in the MIS.

Decision Making - Meaning and Important Concepts

Few examples are; a product mix problem, an examination system to declare pass or fail, or acceptance of the fixed deposits. Thus, the final decision to roll out a product or service is through cumulative interim decisions taken by various internal and external parties.

Effective and successful decisions result in profits, while unsuccessful ones cause losses. Business decisions are those, which are made in the process of conducting business to achieve its objective in a given environment.

For this, you can make use of Cause-and-Effect diagrams and Pareto Chart tool. While small organization involves all levels of managers, complex organizations largely depend on a team of professionals specially trained to make all sorts of decisions.

For example, a manager finds on collection and through the analysis of the data that the manufacturing plant is underutilized and the products which are being sold are not contributing to the profits as desired. In the phase of choice, the manager evolves selection criteria such as maximum profit, least cost, minimum wastage, least time taken and highest utility.

The ready-made packages make this task simple. Since, the MIS work on the basic system such as transaction processing and database, the drudgery of the clerical work is transferred to the computerized system, relieving the human mind for better work.

Decision-Making Process Following are the important steps of the decision-making process.mis and decision making concepts herbert simon model of decision making decision-making concept: A decision is choice out of several alternatives (options) made by the decision maker to achieve some objective s in a given situation.

Mis and Decisin Making Concepts Essay MIS AND DECISION MAKING CONCEPTS HERBERT SIMON MODEL OF DECISION MAKING DECISION-MAKING CONCEPT: A decision is choice out of several alternatives (options) made by the decision maker to achieve some objective s.

Decision Making - Meaning and Important Concepts Every organization needs to make decisions at one point or other as part of managerial process.

Decisions are made in.

Jun 09,  · The relevance of the decision-making concepts is significant in the MIS design. The significance arises out of the complexity of decision-making, the human factors is the decision-making, the organizational and behavior aspects, and the uncertain environments.

The MIS design addressing these significant factors turns out to be the best design. Concept of Decision-Making. Decision-making is a cognitive process that results in the selection of a course of action among several alternative scenarios.

Decision Support System (DSS): Concept, Characteristics and Benefits

Decision-making is a daily activity for any human being. There is no exception about that.

When it comes to business organizations, decision-making is a habit and a process as well. Read this article to learn about the concept, characteristics and benefits of Decision Support System (DSS). Concept of DSS: The concepts involved in DSS were first articulated in the early s by Scott Morton, who defined DSS as follows.

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Mis and decisin making concepts
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