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decision-support system

industrial engineering
Also known as: DSS, business intelligence application

Quick Summary

Decision support systems (DSS) are computer-based tools designed to help managers and analysts make better decisions. These systems analyze data, often from transaction processing or external sources, to support various organizational functions and business processes.12

There are two main types of DSS:
* Model-driven DSS: These apply preprogrammed models to specific data sets to explore "what-if" scenarios, such as determining the optimal selling price for a new product.1
* Data-driven DSS (Business Intelligence): These systems mine large volumes of historical data to discover patterns, trends, and correlations, using techniques like data mining and artificial intelligence to make predictions.1

Software tools like spreadsheets, databases, and graphics programs have made DSS more accessible and powerful, aiding industrial engineers and operations researchers in modeling and analysis. Group decision systems and geographic information systems are also varieties of DSS that facilitate collaborative decision-making and spatial data analysis.31

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