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Unformatted text preview: The many types of models are: strategic, tactical, operational, and includes model building blocks and subroutines. 3. Institutional DSS is generally written using a decision support language. It is intended for organizational support on a continuous basis. An example is the Ore-Ida Foods, Inc., their data retrieval helps managers find answers to “What happened?” They purchase external data such as economic indexes and forecasts. Then they use market analysis telling them “Why did it happen?” Comprising of about seventy percent, data from several sources is combined and relationships are sought. They will evaluate the relationship between produce prices and market share. The modeling, to be successful must be constantly up-to-date; this is done by the managers. The modeling helps get answers to what-if questions....
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This homework help was uploaded on 04/18/2008 for the course MIS 470 taught by Professor Mullen during the Spring '07 term at S. Connecticut.
- Spring '07