Decision Modelling and Information Systems: The Information by Nikitas-Spiros Koutsoukis
By Nikitas-Spiros Koutsoukis
In Decision Modelling and knowledge platforms: the knowledge worth Chain the authors clarify the interrelationships among the choice aid, choice modelling, and data platforms.
The first components of the publication specialize in the interdisciplinary choice aid framework, during which mathematical programming (optimization) is taken because the inference engine. The position of commercial analytics and its courting with contemporary advancements in organisational thought, selection modelling, info structures and data know-how are thought of extensive. half 3 of the booklet encompasses a rigorously selected collection of invited contributions from internationally-known researchers. those contributions are thought-provoking and canopy key choice modelling and data structures concerns.
The ultimate a part of the booklet covers modern advancements within the comparable quarter of commercial intelligence thought of inside an organizational context. the themes hide computing introduced around the net, administration decision-making, and socio-economic demanding situations that lie forward. it's now good authorized that globalisation and the impression of electronic financial system are profound; and the position of e-business and the supply of choice types (business analytics) around the internet bring about a demanding enterprise atmosphere. during this dynamic surroundings, choice aid is without doubt one of the few interdisciplinary frameworks that may be swiftly followed and deployed to in order that companies can live on and prosper by means of assembly those new demanding situations.
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Additional resources for Decision Modelling and Information Systems: The Information Value Chain
47 It is easily seen that these processes interact and should be pursued in tandem to each other. From the information perspective, one needs to decide which information is applicable to a decision problem and which is not. In other words, decision-making units need to specify 'their' data marts. From the inference perspective, one needs to select or develop an inference engine that applies to the [decision making] problem. In other words, decisionmaking units need to specify their decision models.
This change can be attributed to a number of reasons. What about ERP? Since the 1980s there has been a trend towards a global market, and therefore global organisations. Globalisation naturally poses a requirement for global information systems, and introduces novel challenges for decision-makers. In the closing years of the 20 th century the popularisation of the Internet establish it as a world-wide medium for communication and information exchange, but also as a technology that allows the presence of global information systems in any context.
Since the 1980s there has been a trend towards a global market, and therefore global organisations. Globalisation naturally poses a requirement for global information systems, and introduces novel challenges for decision-makers. In the closing years of the 20 th century the popularisation of the Internet establish it as a world-wide medium for communication and information exchange, but also as a technology that allows the presence of global information systems in any context. Typical advances in computing technology (in terms of the cost/benefit for processing power, software, storage and memory, as well as communication and networking technology) continue to provide a prosperous ground for the implementation of concepts and technologies from diverse fields with a significant effect on businesses and their operations.