Question: Decision support systems ( DSS ) model information using online analytical processing, which aids in evaluating and choosing among different courses of action. Some common
Decision support systems DSS model information using online analytical processing, which aids in evaluating and choosing among different courses of action. Some common DSS analysis techniques are whatif analysis, sensitivity analysis, goalseeking analysis, and optimization analysis.
The goal of this activity is for you to identify the common DSS analysis techniques.
Instructions: Match each term to its correct definition.
Goalseeking analysis Sensitivity analysis Optimization analysis Whatif analysis
Match each of the options above to the items below.
Checks the impact of a change in a variable or assumption on the model
No answer
The study of the impact on other variables when one variable is changed repeatedly
No answer
Finds the inputs necessary to achieve a goal such as a desired level of output
No answer
Finds the optimum value for a target variable by repeatedly changing other variables, subject to specified constraints
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
