Decision Support System

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Decision Support System
One of the biggest dilemmas in owning a store and providing a service in selling a product is figuring out how much of the item to get, if an owner gets too much of a product, the owner will lose money, if the owner does not get enough of a product, customers will shop somewhere else and the owner will not only lose the sale, but also potentially lose a customer who is willing to shop somewhere else to get the product they want. This past Christmas, I was shopping for the latest Frozen Movie Soundtrack for a gift. I had to go to three stores to find the CD to purchase. If the original stores that I went to had the product in stock, I most likely would have bought several more items.
Decision Support System
According to Herbert Simons, “decision making has four distinct phases: intelligence, design, choice and implementation.” (Haag & Cummings, 2013, pp. 98-99) In making a decision about how many of the hottest CD’s to have in stock for your music store, the first thought is how popular is the CD, how many CD’s do you think you can keep in stock? The se...

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