Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Download
Standard view
Full view
of .
Save to My Library
Look up keyword
Like this
1Activity
0 of .
Results for:
No results containing your search query
P. 1
mb0047

mb0047

Ratings: (0)|Views: 193 |Likes:
Published by Sandeep Hebbar
assignment answer
assignment answer

More info:

Published by: Sandeep Hebbar on Nov 25, 2012
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PDF, TXT or read online from Scribd
See more
See less

12/04/2012

pdf

text

original

 
 Management Information Systems
Course MBA 2
nd
SemesterSubject Management Information SystemsAssignment MB0047 Set 1
Q1. What is MIS? Define the characteristics of MIS? What are the basic Functions of MIS? Givesome Disadvantage of MIS?Ans. Definition :
Organized approach to the study of information needs of a management at every level in makingoperational, tactical, and strategic decisions. Its objective is to design and implement man-machine procedures, processes, and routines that provide suitably detailed reports in an accurate, consistent, andtimely manner. Modern, computerized systems continuously gather relevant data, both from inside andoutside the organization. This data is then processed, integrated, and stored in a centralized database (or data warehouse) where it is constantly updated and made available to all who have the authority to accessit, in a form that suits their purpose.
Characteristics of MIS:
MIS is mainly designed to take care of the needs of the managers in the organization.MIS aids in integrating the information generated by various departments of the organization.MIS helps in identifying a proper mechanism of storage of data.MIS also helps in establishing mechanism to eliminate redundancies in data.MIS as a system can be broken down into sub systems.The role and significance of MIS in business and its classification is explained. It is possible to understandthe various phases of development in MIS based on the type of system required in any organization.
Functions of MIS
1. Data processingIt includes the collection, transmission, storage, processing and output of data. It simplifies the statisticsand reduces to the lowest cost by supplying an unified format.2. Function of predictionIt predicts the future situation by applying modern mathematics, statistics or simulation.3. Function of planIt arranges reasonably the plans of each functional department in accordance with the restrictions afforded by enterprises and provides the appropriate planning reports according to different management.4. Function of controlIt monitors and inspects the operation of plans and comprises with the differences between operation and plan in accordance with the data afforded by every functional department, and be assistant to managers tocontrol timely each method by analyzing the reasons why the differences comes into being.5. Function of assistanceIt derives instantly the best answers of related problems by applying to various of mathematics’ mode andanalyzing a plentiful data stored in computers in the hope of using rationally human resource, financialresource, material resource and information resource for relative abundant economic benefits. 
- 1 -
 
 Management Information Systems
Disadvantages of MIS
1.highly senstive requires constant monitoring.2.buddgeting of MIS extremely difficult.3.Quality of outputs governed by quality of inputs.4.lack of flexiblity to update itself.5.effectiveness decreases due to frequent changes in top management6.takes into account only qualitative factors and ignores non-qualitative factors like morale of worker,attitude of worker etc..
Q2. Explain Knowledge based system? Explain DSS and OLAP with example?Ans.
Knowledge-based system focuses on systems that use knowledge-based techniques to support humandecision-making, learning and action it is a computer system that is programmed to imitate human problem-solving by means of artificial intelligence and reference to a database of knowledge on a particular subject. Also it based on the methods and techniques of artificial intelligence and their core components arethe knowledge base and the inference mechanisms.Decision Support Systems (DSS)DSS is an interactive computer based system designed to help the decision makers to use all l the resourcesavailable and make use in the decision making. In management many a time problems arise out of situations for which simple solution may not be possible. To solve such problems you may have to usecomplex theories. The models that would be required to solve such problems may have to be identified.DSS requires a lot of managerial abilities and managers judgment.You may gather and present the following information by using decision support application:• Accessing all of your current information assets, including legacy and relational data sources, cubes, datawarehouses, and data marts• Comparative sales figures between one week and the next• Projected revenue figures based on new product sales assumptions• The consequences of different decision alternatives, given past experience in a context that is described.Manager may sometimes find it difficult to solve such problems. E.g. – In a sales problem if there ismultiple decision variables modeled as a simple linear problem but having multiple optima, it becomesdifficult to take a decision. Since any of the multiple optima would give optimum results. But the strategyto select the one most suitable under conditions prevailing in the market, requires skills beyond the model.It would take some trials to select a best strategy. Under such circumstances it would be easy to takedecision if a ready system of databases of various market conditions and corresponding appropriatedecision is available. A system which consists of database pertaining to decision making based on certainrules is known as decision support system. It is a flexible system which can be customized to suit theorganization needs. It can work in the interactive mode in order to enable managers to take quick decisions.You can consider decision support systems as the best when it includes high-level summary reports or charts and allow the user to drill down for more detailed information.A DSS has the capability to update its decision database. Whenever manager feels that a particular decision is unique and not available in the system, the manager can chose to update the database with suchdecisions. This will strengthen the DSS to take decisions in future..There is no scope for errors in decision making when such systems are used as aid to decision making.DSS is a consistent decision making system. It can be used to generate reports of various lever managementactivities. It is capable of performing mathematical calculations and logical calculation depending upon themodel adopted to solve the problem. You can summarize the benefits of DSS into following:• Improves personal efficiency• Expedites problem solving• Facilitates interpersonal communication
- 2 -
 
 Management Information Systems
• Promotes learning or training• Increases organizational control• Generates new evidence in support of a decision• Creates a competitive advantage over competition• Encourages exploration and discovery on the part of the decision maker • Reveals new approaches to thinking about the problem space
Online Analytical Processing (OLAP)
OLAP refers to a system in which there are predefined multiple instances of various modules used in business applications. Any input to such a system results in verification of the facts with respect to theavailable instances.A nearest match is found analytically and the results displayed form the database. The output is sent onlyafter thorough verification of the input facts fed to the system. The system goes through a series of multiplechecks of the various parameters used in business decision making. OLAP is also referred to as a multidimensional analytical model. Many big companies use OLAP to get good returns in business.The querying process of the OLAP is very strong. It helps the management take decisions like whichmonth would be appropriate to launch a product in the market, what should be the production quantity tomaximize the returns, what should be the stocking policy in order to minimize the wastage etc.A model of OLAP may be well represented in the form of a 3D box. There are six faces of the box. Eachadjoining faces with common vertex may be considered to represent the various parameter of the businesssituation under consideration. E.g.: Region, Sales & demand, Product etc.
Decision Support Systems (DSS)
DSS is an interactive computer based system designed to help the decision makers to use all l the resourcesavailable and make use in the decision making. In management many a time problems arise out of situations for which simple solution may not be possible. To solve such problems you may have to usecomplex theories. The models that would be required to solve such problems may have to be identified.DSS requires a lot of managerial abilities and managers judgment.You may gather and present the following information by using decision support application:Accessing all of your current information assets, including legacy and relational data sources, cubes, data
 warehouses, and data martsComparative sales figures between one week and the next
Projected revenue figures based on new product sales assumptions
The consequences of different decision alternatives, given past experience in a context that is described.
Q3.What are Value Chain Analysis & describe its significance in MIS? Explain what is meant byBPR? What is its significance? How Data warehousing & Data Mining is useful in terms of MIS?Answer:-
BPR The existing system in the organization is totally reexamined and radically modified for incorporating thelatest technology. This process of change for the betterment of the organization is called as Business process re-engineering. This process is mainly used to modernize and make the organizations efficient.BPR directly affects the performance. It is used to gain an understanding the process of business and tounderstand the process to make it better and re-designing and thereby improving the system.
- 3 -

You're Reading a Free Preview

Download
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->