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Decision Support System

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Decision Support System
Prepared by:
BLESILDA P. BADOC-GONZALES, PhD
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Defining DSS by Corporate Finance Institute
(2022) & Fairlie (2023)
 Computer-based Information System
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Information Gathered by DSS
Documents
Raw Data
Management
Business Models
Employee’s
Personal
Knowledge
Sales Figures
Projected Inventory
Revenue
Data
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DSS Framework Components
Image source: corporatefinanceinstitute.com
Model Management System
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https://online.hbs.edu/blog/post/prescriptiveanalytics
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User Interface
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Knowledge Base
Types of Decision Support systems
1. Document Driven DSS
2. Data Driven DSS
3. Knowledge Driven DSS
4. Model Driven DSS
5. Communication Driven DSS
Source: Varshney, M. & Srivastava, A.K. (2017)
Document Driven DSS
Uses keywords to access structured and
unstructured information from both internal and
external databases.
Structured – highly organized, readily accessible & stored
in relational databases (Convedo.com, n.d.) data in
standardized tabular format for easy storage (IBM, n.d.).
Unstructured – informational asset of other forms not
housed in relational database (Convedo.com, n.d.) such
as social media content, web analytics, email
communications, digital memos, chat logs, video files,
audio files etc with no pre-defined data format (IBM, n.d.).
Document Driven DSS
Text Mining and Customer Service Example –
extraction and retrieval of information to deduce
insights from data (IBM, n.d.).
Chat bot
Social Media Profiles
Online Reviews
Support tickets
Customer surveys
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Data Driven DSS
Access and
manipulation of
internal and
sometimes external
data of a company in
large structured
databases (Varshney
& Srivastava, 2017).
Executive Information System
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Data Warehouse
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Data Mining
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https://www.predictiveanalytics
today.com/oracle-data-miningodm/
Knowledge Driven DSS
Person-computer
systems with expertise
on a particular
domain with problemsolution skills that can
recommend apt
actions for
managers(Varshney &
Srivastava, 2017).
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Warehouse Optimization
Cloud Inventory Management System
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https://www.sosinventor
y.com/cloud-inventorymanagement
Model Driven DSS
Provides access and
manipulation of a
model by using data
and parameters that
are fed by decisionmakers to help them
analyze a situation
(Varshney &
Srivastava, 2017).
GIS Sample
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Finance Model Sample
Image Source: https://insightsoftware.com/blog/11-financialmodel-examples-and-templates/
DCF Model Sample
Image source: https://corporatefinanceinstitute.com/resources/financialmodeling/dcf-model-template/
Communication Driven DSS
Involves collaboration,
coordination and
communication to
analyze situations and
solve problems
among group
decision-makers
(Varshney &
Srivastava, 2017).
References
 Corporate Finance Institute. (2022, November 26). Decision Support System
(DSS). Retrieved from CFI Education Inc.:
https://corporatefinanceinstitute.com/resources/management/decisionsupport-system-dss/?fbclid=IwAR3qeEUqWN6H98LUEm4d1exVFU5I73hm8QEsfErKEwCg97VLham3TQgN6k
 Convedo.com (n.d.) Unstructured vs. Structured: Integrating Intelligence for
Better BPM. Retrieved from https://info.convedo.com/unstructured-vsstructured-information-integrating-intelligence-for-betterbpm#:~:text=What%20is%20Structured%20and%20Unstructured,relationship%20
management%20tool%20(CRM).
 Fairlie, M. (2023, January 30). Decision Support Systems Applications and Uses.
Retrieved from Business.com: https://www.business.com/articles/decisionsupport-systems-dss-applications-anduses/?fbclid=IwAR1gVDbi9mYkLZIEYwKl0f8k-ok0gWaRoC35Kg2a4yUoF8ZC4A9IBikWDY
 IBM (n.d.) What is text mining? Retrieved from https://www.ibm.com/topics/textmining#:~:text=Text%20mining%2C%20also%20known%20as,meaningful%20patte
rns%20and%20new%20insights.
 Varshney, M. & Srivastava, A.K. (2017). Decision Support System in Corporate
Intelligence. International Journal of Advanced Research in Computer and
Communication Engineering, 6(6), 347-350.
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