decision support system (DSS)

  

Definition

Computer system designed to provide assistance in determining and evaluating alternative courses of action. A DSS (1) acquires data from the mass of routine transactions of a firm, (2) analyzes it with advanced statistical techniques to extract meaningful information, and (3) narrows down the range of choices by applying rules based on decision theory. Its objective is facilitation of 'what if' analysis and not replacement of a manager's judgment.

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  • The newly launched search engine has a state of the art decision support system built in to the coding to give user's the best search matches and facilitator's the strongest data analytic's.

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  • When the time comes that you must make up your mind you need a good decision support system on your side.

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  • I did not like consulting the decision support system because I wanted humans to give us opinions and not a computer.

    2 people found this helpful    
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