Decision making – a survey for Technology for decision making essay

Select one of the technologies mentioned in this week’s introduction (MRP, ERP, DSS, Expert Systems, software simulations) and one analytical method and research it in the NCU Library. Then, write a paper that summarizes the selected technology and analytical method and how these are used in decision making. Compare and contrast how these have been used by two real-world businesses. Begin your paper with an introduction that states a thesis and explains how the body of the paper is arranged to support it. Close the paper with a conclusion in which you summarize and synthesize the main points presented in your paper.

Consider the following as you prepare your paper:
How does this technology and analytical method support an ethical and successful business?
Does this technology and analytical method support communications at all levels of the organizations you selected? Why or why not?
How does this technology and analytical method influence approaches to decision making?

Support your paper with a minimum of five scholarly resources. In addition to these specified resources, other appropriate scholarly resources, including older articles, may be included.

Length: 10-12 pages, not including title and reference pages

SAMPLE SOLUTION

Decision Making – A Survey for Technology for Decision Making
Introduction
Data management and decision-making are two critical roles played by all managers. Informed decision are based on verifiable data obtained from books of account as well as performance history of the organization. It is therefore becoming increasingly important for companies to ensure there is proper storage and access to data and information. The survival of every business in the competitive environment depends on…