Difference Test Between Two Environments - Econometric Method of Substantiating the Decision

Albici Mihaela (), Teselios Delia () and Ntonescu Eugenia ()
Additional contact information
Teselios Delia: “Constantin Brancoveanu” University of Pitesti, Faculty of Management-Marketing in Economic Affairs Pitesti
Ntonescu Eugenia: “Constantin Brancoveanu” University of Pitesti, Faculty of Management-Marketing in Economic Affairs Pitesti

Ovidius University Annals, Economic Sciences Series, 2012, vol. XII, issue 2, 574-578

Abstract: Business decision-making environment must integrate as a whole the experience and beliefs of the techniques makers and decision support systems used. Currently, the business information environment is becoming more complex due to the increasing volume of information relevant for business area, the number of information resources and the number of technologies used for accessing and storing data. Decision support systems should serve as the main tool for decision makers in order to keep up with the exponential growth in size, complexity and speed with which business should be conducted. A decision support system should be an integral component of the decision-making process that extends the ability to process information quickly and to tackle complex problems, time consuming, reducing the time spent in this process. Nevertheless, it will also improve the reliability of decision-making process, encouraging exploration and learning process, thus creating a strategic competitive advantage for the organization.

Keywords: risk; decision making processes; marginal distributions; marginal frequencies. (search for similar items in EconPapers)
JEL-codes: C01 C12 D80 (search for similar items in EconPapers)
Date: 2012
References: Add references at CitEc
Citations:

Downloads: (external link)
http://stec.univ-ovidius.ro/html/anale/ENG/cuprins%20rezumate/volum2012p2v2.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xii:y:2012:i:2:p:574-578

Access Statistics for this article

Ovidius University Annals, Economic Sciences Series is currently edited by Spatariu Cerasela

More articles in Ovidius University Annals, Economic Sciences Series from Ovidius University of Constantza, Faculty of Economic Sciences Contact information at EDIRC.
Bibliographic data for series maintained by Gheorghiu Gabriela ().