Decision Support System (DSS)

Decision Support System (DSS) is a computer-based system designed to assist decision makers in finding solutions to complex and ill-structured problems. It focuses on analytical and strategic decision-making activities, rather than operational decision-making tasks. A DSS may integrate relevant information and data, such as market research, financial records, and other pertinent documents, to provide optimal results tailored to a specific decision-making scenario. It can also provide models of the decision-making process, incorporating the user's judgment and intuition, as well as the organizational policies and strategy. Decision support systems may be used in areas such as financial planning, resource allocation, and risk management.