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reasons for the growth of decision making information systems: |
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Definition
people must: 1.analyze large amounts of information 2.make decisions quickly 3.apply sophisticated analysis techniques 4.protect the corporate asset of organizational information |
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a simplified representation or abstraction of reality |
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transaction processing system (TPS) |
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basic business system that serves the operational level |
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online transaction processing (OLTP) |
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capturing of transaction and event information using technology |
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online analytical processing (OLAP) |
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manipulation of information to create business intelligence in support of strategic decision making |
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Decision support system (DSS) |
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Definition
models information to support managers and business professionals during the decision making process |
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three quantitative models used by DSSs include: |
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Definition
1.sensitivity analysis 2.what-if analysis 3.goal-seeking analysis |
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Executive information system (EIS) |
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a specialized DSS that supports senior level executives within the organization |
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most Executive information systems offer the following capabilities: |
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1.consolidation 2.Drill-down 3.Slice-and-dice |
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integrates information from multiple components |
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various commercial applications of artificial intelligence |
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artificial intelligence (AI) |
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simulates human intelligence such as the ability to reason and learn |
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computerized advisory programs that imitate the reasoning process of experts in solving difficult problems |
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attempts to imitate how the human brain works |
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a mathematical method of handling imprecise of subjective information |
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a artificial intelligent system that mimics the evolutionary, survival-of-the-fittest process to generate increasingly better solutions to a problem |
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special-purposed knowledge-based information system that accomplishes specific tasks on behalf of its users |
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sift instantly through information to uncover patterns and relationships |
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a standardized set of activities that accomplish a specific task, such as processing a customer's order |
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results in a product or service that is received by an organization's external customer |
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invisible to the external customer but essential to the effective management of the business |
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business process improvement |
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attempts to understand and measure the current process and make performance improvements accordingly |
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business process re-engineering (BPR) |
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analysis and redesign of workflow within and between enterprises |
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Criteria to determine the importance of the process |
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Definition
1.is the process broken? 2.does it have a high impact on the strategic direction? 3.will re-engineering of this process succeed? 4.does it impact customer satisfaction? 5.is it antiquated? 6.does it fall far below best-in-class? 7.is it crucial for productivity improvement? 8.will savings from automation be clearly visible? 9.is the return on investment high? |
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business process modeling (or mapping) |
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the activity of creating a detailed flow chart or process map of a work process showing its inputs, tasks, and activities, in a structured sequence |
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a graphic description of a process, showing the sequence of process tasks, which is developed for a specific purpose and from a selected viewpoint |
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represent the current state of the operation that has been mapped, without any specific improvements or changes to existing processes |
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show the results of applying change improvement opportunities to the current(As-Is) process model |
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Business process management (BPM) |
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integrates all of an organization's business process to make individual processes more efficient |
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Definition
encompasses all organizational information, and its primary purpose is to support the performing of managerial analysis tasks |
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