Titlebook: Management Decision Support Systems; Andrew M. McCosh,Michael S. Scott Morton Book 1978 Andrew M. McCosh and Michael S. Scott Morton 1978

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A Profit-planning Support System, must decide whether the benefits from accepting the order exceed the cost of filling it. Obviously, if the revenues which can be expected from the order are insufficient to cover the labor, materials, and other direct costs of filling the order, the decision is easily taken to refuse the order. Eve

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Budgeting,or the current year. This represents the short-term plan of the organization and its translation into specific resources that are to be employed. Control is exercised by comparing actual expenditures against the budget or plan. Deviations from the budget call for further analysis and interpretation

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Some Organizational Implications,hat there is a class of important decisions which may be facilitated by approaching them in a new way using new tools. We must now consider what sort of “people problem” this approach to the decisionmaking process is likely to cause. Knowing this we can forestall many such difficulties. When the tim

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The Fundamental Character of Decision Support Systems,his approach emphasizes analysis of key decisions with the aim of improving both the effectiveness and the efficiency of decision making. For the purposes of this book we are concentrating on decisions in which financial data play a particularly large part.

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