What Is Decision Making Software?

Decision software is a computer application system that assists decision makers to make semi-structured or unstructured decisions through specific data and models. It is the result of the development of management information systems to a higher level. ^[1]

Decision software provides decision makers to analyze problems, build models, simulate decision-making processes and program environments, and call various

The development of decision-making software systems has not only made great progress in theoretical research, but also in applied technology. The development of decision-making software systems is accompanied by the development of new technologies such as decision-making technologies and network development technologies. Its application has also developed rapidly with the popularization of new technologies.

The current development directions of decision support systems are:

Deterministic decision making

Deterministic decision-making technology refers to the decision-making technology used when the main factors affecting the decision-making problem and the relationship between the problem factors can be determined. Commonly used methods for deterministic decision-making techniques include linear programming, dynamic programming, and other related technical and economic methods.

Risky Decision Technology

Risk-based decision-making technology is a decision-making technology based on statistical laws to analyze problems. The risky decision-making techniques mainly include the maximum possible decision method, the expected value decision method, the matrix decision method, the Bayes decision method, the Markov decision method, and so on.

Multi-objective decision making

Multi-objective decision-making technology refers to the decision-making in which the decision model contains multiple objective functions. Common methods in multi-objective decision-making techniques: hierarchical sequential method, multi-objective linear programming method, analytic hierarchy process, and so on.

Predictive Decision Technology

Prediction refers to a kind of foreseeing or predicting which is characterized by quantitative expressions and is an important research content in decision support systems. Observe and analyze the development of things, understand and master the potential regularity of their occurrence and development, and infer and judge future development trends. ^[1]