Decision Making
Decision Making
Data must be accurate to ensure Data should be relevant to the Data completeness is essential for
reliability in decision-making. specific decision at hand. Irrelevant a holistic view. Missing data can
Inaccurate data can lead to flawed data can clutter the decision- result in biased or incomplete
analysis and poor choices. making process and obscure key analysis, leading to suboptimal
insights. outcomes.
Effective decision-making hinges on the quality and relevance of the data used. Accurate, relevant, and complete
data form the bedrock of informed decisions within MIS.
Modeling Techniques:
Representing the Decision
Decision Trees Simulation Models
Visual representation of decision Replicate real-world scenarios to
paths based on different test the impact of various
conditions. Useful for decisions. Allows for risk
understanding potential assessment and strategic
outcomes. planning.
Optimization Models
Identify the best solution by maximizing or minimizing a specific
objective. Ideal for resource allocation and efficiency improvements.
Judgment
2
Critical assessment
Intuition
3
Gut feelings
Human intuition and expertise play a critical role, especially in complex scenarios where algorithms fall short. The
combination of human insight with automated analysis leads to more robust decisions.
Ethical Considerations: Bias and Transparency
Ethical considerations are paramount in MIS decision-making. Addressing bias and ensuring transparency promote fair and
responsible outcomes, fostering trust and accountability in the digital age.
CORE STEPS OF DECISION MAKING IN MIS.
• Gather and analyze the information ; this involves collection of data from
both internal sources like the industrial reports and the external sources
like market research.
Analyze data to identify patterns and root causes of the problem.