Publication detail

Using od Advanced Decision Tools for Operational Management

VIDECKÁ, Z.

Original Title

Using od Advanced Decision Tools for Operational Management

English Title

Using od Advanced Decision Tools for Operational Management

Type

conference paper

Language

en

Original Abstract

Today`s companies collect a large amount of operational data relating to all kinds of activities. This data holds and hides the experience of company`s history. The impact of “flood of data" perform unsafe situation. If management use these data and don`t discover mutual relationship of these data it can lead to wrong decision. If right decision tools doesn`t exist in the frame of companies very often is decision based on the past experience of managers. It can lead to wrong decision if situation on the decision area is changed. Properly analyse of data can have significant effect on a company`s performance and profitability. This paper describes possibility of using advanced decision tools in day-to-day decision managers.

English abstract

Today`s companies collect a large amount of operational data relating to all kinds of activities. This data holds and hides the experience of company`s history. The impact of “flood of data" perform unsafe situation. If management use these data and don`t discover mutual relationship of these data it can lead to wrong decision. If right decision tools doesn`t exist in the frame of companies very often is decision based on the past experience of managers. It can lead to wrong decision if situation on the decision area is changed. Properly analyse of data can have significant effect on a company`s performance and profitability. This paper describes possibility of using advanced decision tools in day-to-day decision managers.

Keywords

Simulation, data mining, ERP, Business Process Reengineering

RIV year

2014

Released

03.09.2014

Publisher

Bulgarian Academy of Sciences

Location

Bulgaria

ISBN

978-619-7105-28-5

Book

International Multidisciplinary Scientific Conferences on Social Science & Arts

Pages from

867

Pages to

874

Pages count

8

BibTex


@inproceedings{BUT109861,
  author="Zdeňka {Videcká}",
  title="Using od Advanced Decision Tools for Operational Management",
  annote="Today`s companies collect a large amount of operational data relating to all kinds of activities. This data holds and hides the experience of company`s history. The impact of “flood of data" perform unsafe situation. If management use these data and don`t discover mutual relationship of these data it can lead to wrong decision. If right decision tools doesn`t exist in the frame of companies very often is decision based on the past experience of managers. It can lead to wrong decision if situation on the decision area is changed. Properly analyse of data can have significant effect on a company`s performance and profitability. This paper describes possibility of using advanced decision tools in day-to-day decision managers.",
  address="Bulgarian Academy of Sciences",
  booktitle="International Multidisciplinary Scientific Conferences on Social Science & Arts",
  chapter="109861",
  doi="10.5593/sgemsocial2014",
  howpublished="print",
  institution="Bulgarian Academy of Sciences",
  year="2014",
  month="september",
  pages="867--874",
  publisher="Bulgarian Academy of Sciences",
  type="conference paper"
}