Start learning 50% faster. Sign in now
A Decision Support System (DSS) is an interactive software application that aids managers in decision-making by analyzing data and presenting actionable insights. It leverages tools like statistical models, simulation techniques, and predictive analytics. • Why DSS is essential: DSS helps managers evaluate complex scenarios, forecast trends, and identify optimal solutions. For instance, a retail chain can use DSS to determine optimal inventory levels based on historical sales and seasonal demand. Why Other Options Are Incorrect: 1. Automate repetitive tasks: This is the role of Transaction Processing Systems (TPS), not DSS. 2. Generate periodic reports: This task is typically performed by Management Reporting Systems (MRS), which differ from DSS. 3. Monitor network traffic: This pertains to network management and cybersecurity, unrelated to DSS functionality. 4. Replace human decision-makers: DSS complements human decision-making; it does not replace it.
How many persons live between Deepa and Chand?
Seven persons, Shikha, Garima, Nidhi, Pooja, Manisha, Neena and Anu, lives in a 7-storey building, but not necessarily in the same order. The bottommost...
What is the age of the person who lives on the 5th floor?
Read the directions carefully and answer the following questions.
Six individuals P, Q, R, S, T, and U occupy a building with two levels, Floo...
Who among the following appeared for IBPS PO?
Engagement is to be held on which day
On which floor does the person live who likes Apple?
What is the code of ‘beat’?
Kajal is working in which company?
Statements:
A < B ≥ C > U = W; R < Q > L ≤ W = Y; Q > P
Conclusions:
I. B < P
II. C > R