Purchase Solution

What are examples of decision-making software advertised by a company?

Not what you're looking for?

Ask Custom Question

Using the internet, find an example of decision-making software advertised by a company. While any and all software can be used to help make decisions you should look for software that is designed specifically to help with the decision making process. Once you select a decision software package to review, use information from the software company itself as well as reviews from other sources to answer the following questions:
1. How is this software designed to help with decision-making? What method does it use?
2. Do you think that this software would help improve decision-making? Why or why not?
3. Would this software affect how the user frames a decision? If so, how?

Purchase this Solution
Solution Summary

This solution discusses Vanguard Software Corporation's DecisionPro Software in 515 words.

Solution Preview

I am selecting the Vanguard Software Corporation's DecisionPro Software, which helps in making the best possible business decision by applying proven management techniques, such as decision tree analysis, monte carlo simulation, linear programming and other advanced forecasting methods.

1. How is this software designed to help with decision-making? What method does it use?

As mentioned above, this software utilizes the proven management techniques only to assist the users in decision making. Basically, it automizes and integrates the key quantitative methods used in managerial decision making in real life world into a single application, thereby making it easier for the decision makers to utilize and comprehend complex business decision making techniques.

It makes the task of decision making much easier by providing the ...

Solution provided by:
Sandeep Bardia, MBA
Education
  • BCom, SGTB Khalsa College, University of Delhi
  • MBA, Rochester Institute of Technology
Recent Feedback
  • "Thank you. "
  • "Thank you"
  • "Thank you. I got 20/20 last week for my discussion you help me out with."
  • "Thank you. Great Job. "
  • "Thank you. Great Job. "
Purchase this Solution
Free BrainMass Quizzes
Basics of corporate finance

These questions will test you on your knowledge of finance.

Accounting: Statement of Cash flows

This quiz tests your knowledge of the components of the statements of cash flows and the methods used to determine cash flows.

Writing Business Plans

This quiz will test your understanding of how to write good business plans, the usual components of a good plan, purposes, terms, and writing style tips.

Production and cost theory

Understanding production and cost phenomena will permit firms to make wise decisions concerning output volume.

Paradigms and Frameworks of Management Research

This quiz evaluates your understanding of the paradigm-based and epistimological frameworks of research. It is intended for advanced students.

View More Free Quizzes
Related BrainMass Solutions

  • example of decision-making software advertised for sale by a company

    142160 example of decision-making software advertised for sale by a company Using the internet, find an example of decision-making software advertised for sale by a company.

  • Using the Internet, search for a business

    What services or products are offered that are designed to help other businesses improve their decision making?

  • Cognitive Mapping and Decision-Making

    PMI method: company uses this method to know the pros and cons of decision. For ex. a company wants to install a new machinery, so before installing the machinery company evaluate what can be pros and cons by installing the machinery.

  • Business Ethics: Advertising in Schools

    However, the critical facts in making the decision are whether there is a match between the level of knowledge, sophistication, and maturity of the target children and the content of advertisements.

  • business intelligence

    What is the difference between a data-driven DSS and a model-driven DSS? Give examples. ? Data driven dss emphasizes access to and manipulation of a time-series of internal company data and sometimes external data.

  • Managerial decision

    Remember that the overall goal is to demonstrate the ability to insightfully analyze a decision. Examples are also quite useful. Remember that "as brevity is the soul of wit, so parsimony is the soul of a cogent argument."

  • Advertising on Television

    Not only do young consumers between the age of four and twelve spend a large sum of money, they also exert a substantial influence on their parents purchase decision making.

  • Assumptions that were integral to the firm's major decision

    Examples of two major companies that face this sort of problem are Microsoft (computer) & Chrysler (automotive).

  • Five Forces Model

    What role does the Five Forces Model play in decision making? 2. What is a database management system? Discuss each of the five important software components of a database management system. 3. What is artificial intelligence?

View More Related Solutions