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Web-Based Group Decision Support System: an Economic Application

Author

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  • 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. 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.
    2. 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.
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    Cited by:

    1. 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.
    2. 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.
    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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