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mb0047part 1

mb0047part 1

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Published by Uttam Singh
KOI BI PROJECT BANO THO UPLOAD JARUR KARO ?? DUSARO KI HELP KE LIYE ???MAMO SAMAJA KYA
KOI BI PROJECT BANO THO UPLOAD JARUR KARO ?? DUSARO KI HELP KE LIYE ???MAMO SAMAJA KYA

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Published by: Uttam Singh on Jun 30, 2011
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09/29/2012

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 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 managementat every level in makingoperational, tactical, and strategic decisions. Its objective is todesign and implement man-machine procedures, processes, and routines that providesuitably detailed reports in an accurate, consistent, andtimely manner. Modern,computerized systems continuously gather relevant data, both from inside andoutside theorganization. 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 theauthority 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.MISaids in integrating the information generated by various departments of theorganization.MIS helps in identifying a proper mechanism of storage of data.MIS alsohelps 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 itsclassification is explained. It is possible to understandthe various phases of developmentin MIS based on the type of system required in any organization.Functions of MIS1. Data processingIt includes the collection, transmission, storage, processing and outputof data. It simplifies the statisticsand reduces to the lowest cost by supplying an unifiedformat.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 inaccordance 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 withthe differences between operation and plan in accordance with the data afforded by everyfunctional department, and be assistant to managers tocontrol timely each method byanalyzing the reasons why the differences comes into being.5. Function of assistanceIt derives instantly the best answers of related problems byapplying to various of mathematics’ mode andanalyzing a plentiful data stored incomputers in the hope of using rationally human resource, financialresource, materialresource and information resource for relative abundant economic benefits.Disadvantages of MIS1.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 accountonly qualitative factors and ignores non-qualitative factors like morale of worker,attitudeof worker etc..Q2. Explain Knowledge based system? Explain DSS and OLAP with example?Ans.Knowledge-based system focuses on systems that use knowledge-based techniquesto support humandecision-making, learning and action it is a computer system that is programmed to imitate human problem-solving by means of artificial intelligence andreference to a database of knowledge on a particular subject. Also it based on themethods and techniques of artificial intelligence and their core components aretheknowledge base and the inference mechanisms.Decision Support Systems (DSS)DSS is an interactive computer based system designed to help the decision makers to useall l the resourcesavailable and make use in the decision making. In management many atime problems arise out of situations for which simple solution may not be possible. Tosolve such problems you may have to usecomplex theories. The models that would berequired 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 supportapplication:• Accessing all of your current information assets, including legacy and relational datasources, 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 contextthat 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 buthaving multiple optima, it becomesdifficult to take a decision. Since any of the multipleoptima 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 sometrials to select a best strategy. Under such circumstances it would be easy to takedecisionif a ready system of databases of various market conditions and correspondingappropriatedecision is available. A system which consists of database pertaining todecision making based on certainrules is known as decision support system. It is aflexible system which can be customized to suit theorganization needs. It can work in theinteractive 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 reportsor 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 infuture..There is no scope for errors in decision making when such systems are used as aidto decision making.DSS is a consistent decision making system. It can be used togenerate reports of various lever managementactivities. It is capable of performingmathematical calculations and logical calculation depending upon themodel adopted tosolve the problem.You can summarize the benefits of DSS into following:• Improves personal efficiency• Expedites problem solving• Facilitates interpersonal communication• 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 spaceOnline Analytical Processing (OLAP)OLAP refers to a system in which there are predefined multiple instances of variousmodules used in business applications. Any input to such a system results in verificationof the facts with respect to theavailable instances.A nearest match is found analyticallyand the results displayed form the database. The output is sent onlyafter thoroughverification 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 alsoreferred to as a multidimensional analytical model. Many big companies use OLAP to getgood returns in business.The querying process of the OLAP is very strong. It helps themanagement take decisions like whichmonth would be appropriate to launch a product inthe 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 bewell represented in the form of a 3D box. There are six faces of the box. Eachadjoiningfaces 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 useall l the resourcesavailable and make use in the decision making. In management many atime problems arise out of situations for which simple solution may not be possible. Tosolve such problems you may have to usecomplex theories. The models that would berequired 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 followinginformation by using decision support application:Accessing all of your currentinformation assets, including legacy and relational data sources, cubes,data warehouses, and data martsComparative sales figures between one week and the
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