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Web-Based Group Decision Support System: an Economic Application

Author

Listed:
  • Ion ISTUDOR
  • Luminita DUTA

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).

Suggested Citation

  • Ion ISTUDOR & Luminita DUTA, 2010. "Web-Based Group Decision Support System: an Economic Application," Informatica Economica, Academy of Economic Studies - Bucharest, Romania, vol. 14(1), pages 191-200.
    • Handle: RePEc:aes:infoec:v:14:y:2010:i:1:p:191-200
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    References listed on IDEAS

    as
    1. Vasile Burja, 2006. "Financial structure influence on economic performance," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 3(8), pages 1-4.
    2. Luminita DUTA & Adrian BITULEANU & Florin Gheorghe FILIP & Ion ISTUDOR, 2009. "Computer-Based Decision Support for Railroad Transportation Systems: an Investment Case Study," Informatica Economica, Academy of Economic Studies - Bucharest, Romania, vol. 13(2), pages 103-109.
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    Citations

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    Cited by:

    1. Eugen Gabriel GARAIS, 2015. "An Analytical Point Of View About Maintenance Processes For Distributed Applications," Romanian Economic Business Review, Romanian-American University, vol. 9(1), pages 232-240, May.
    2. Bilal Al-Momani, 2016. "The Effect of Perceived Factors of Decision Support Systems on Actual Usage: Behavioral Intention of Using Decision Support Systems as a Mediating Variable: “An Empirical Study of Jordanian Higher Edu," International Journal of Business and Management, Canadian Center of Science and Education, vol. 12(1), pages 201-201, December.
    3. Gabriel Eugen Garais, 2012. "Maintenance Processes Evaluation For Distributed Applications," Romanian Economic Business Review, Romanian-American University, vol. 6(2), pages 378-388, December.

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