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2507075
4i - Decision Making
Description
Mind Map on 4i - Decision Making, created by James_Dove on 04/15/2015.
Mind Map by
James_Dove
, updated more than 1 year ago
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Created by
James_Dove
about 10 years ago
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Resource summary
4i - Decision Making
Decision Making
Management need to make decisions
Based upon all the information available to them
Current
Past
Projected
MIS provides this information
In the form of reports
Regular schedules reports
Specially requested reports
Using an MIS to make decisions
Information
Reports
Analysis
Decisions with expert systems
Expert system suggests decisions
Whereas MIS only provides information
Scenarios can be modelled
By answering questions with different variables
Expert systems provide answers to the what-if questions
Simulates the effect of the data
Gives a diagnosis based upon the scenario given
Managers can use these diagnoses to determine the best way forward
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