Decision Trees

A decision tree is tool used by managers to identify the strategic alternative most likely to reach a goal.

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A decision tree (or tree diagram) is a decision support tool that uses a graph or model of decisions and their possible consequences, including chance event outcomes, resource costs, and utility.

Decision trees are often used in operations research, management science, decision-analysis, data mining, and machine learning.

In decision analysis, a "decision tree" — and the closely-related influence diagram — is used as a visual and analytical decision support tool, where the expected values (or expected utility) of competing alternatives are calculated.

 

 

 

 

 

 

 

 

 

Organizational Behaviour | A Toolbox of Self-Assessment Tests

"Organizational Behaviour | A Toolbox of Self-Assessment Tests." Software package click here>>

This software program, available from Intellia, has been designed with you and your organization in mind.

This application contains a battery of scientific self-evaluation instruments from some of the most respected sources for the assessment and evaluation of organizational behaviour and psychometric testing. These involve measuring important dynamics of individuals, groups, and organisational processes. The results of the tests, their score, and explanations and recommendations are automatically calculated and supplied by the software

 

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Management Information Systems Services

Creation of specialized 'Management Software' that supports the roles and functions of Management.

 

Management Information Systems:

Journal of Management Information Systems www.jmis-web.org

MIS Quarterly www.misq.org

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Management Information Systems

Management Information Systems (MIS), sometimes referred to as Information Management and Systems, is the discipline covering the application of 'people, technologies, and procedures' collectively called management information systems; to solving business problems.

Management Information Systems are distinct from regular information systems in that they are used to analyze other information systems applied in operational activities in the organization.

The term is commonly used to refer to the group of information management methods tied to the automation or support of human decision making, e.g. Decision Support Systems, Expert systems, and Executive information systems.

Management Information Systems draw on data from systems across all business operations and provide management with the information it requires, and provide decision support to management. MIS are designed to serve the monitoring, controlling, planning, decision-making and administrative activities of middle managers.

Decision Support Systems at the management level combine data and sophisticated analytical models or data analysis tools to support semi structured and unstructured decision making.

 

MANAGEMENT INFORMATION SYSTEMS

Example: Sales Management (Information System)

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Image Above: Screenshot of MIS - Sales Forecasting; the formula used to generate the sales forecasts is clearly explained. Software Title " Sales Analysis Tools for Management - by Intellia Ltd".

 

Management Information Systems

 

 

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