Web-Based Group Decision Support System: an Economic Application

Ion Istudor () and Luminita Duta ()

Informatica Economica, 2010, vol. 14, issue 1, 191-200

Abstract: Decision Support Systems (DSS) form a specific class of computerized information systems that support business and managerial decision-making activities. Making the right decision in business primarily depends on the quality of data. It also depends on the ability to analyze the data with a view to identifying trends that can suggest solutions and strategies. A “cooperative†decision support system means the data are collected, analyzed and then provided to a human agent who can help the system to revise or refine the data. It means that both a human component and computer component work together to come up with the best solution. This paper describes the usage of a software product (Vanguard System) to a specific economic application (evaluating the financial risk assuming that the rate of the economic profitability can be under the value of the interest rate).

Keywords: Decision Script; Decision Support Systems (DSS); Leverage Effect; Software Tool; Web Support (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:aes:infoec:v:14:y:2010:i:1:p:191-200

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