INFORMATION AND INFORMATION TECHNOLOGIES FOR BUSINESS DECISION-MAKING

Journal Title: Acta Economica - Year 2003, Vol 2, Issue 2

Abstract

This work shall deal with the information that is used as resource for business decision-making, information technologies, information systems and the process of decision-making based on models. Information is a resource of the business process along with the material, power and organizational resources. In the course of their development, information systems broaden their significance and pass through phases from the system for data processing, through management systems and decision-making support systems to the expert systems and systems based on neuron networks. The decision as a choice among several possibilities will be more reliable and rational if it is based on the correct, tested and scientifically based information. In the decision-making process, however, so called "soft" information are being used as well. Different models that will also be tackled in this work support taking proper decision.

Authors and Affiliations

Лазар Радовановић, PhD

Keywords

Related Articles

The debt buildup process: Bosnia and Herzegovina – Republic of Srpska versus other European countries

Financial and economic crisis from 2008 created debt problems throughout the world, in developed and developing countries. Although the problems cause by the crisis were similar for all countries there were some specific...

The Effects of the European Union Enlargement on Foreign Trade of Bosnia and Herzegovina

In times of globalization, there is a worldwide trend of creating various regional economic integrations which aim to benefit for their members. Almost all of the countries belong to or aspire to belong to a group. One o...

Empirical Research into the Relationship Between the Employment Process and Business Performance

Employment process is one of the main components of human resource management. Employment process is implemented through two related practices, and these are recruitment and selection. Efficient recruitment program is a...

INFORMATION TECHNOLOGY ROLE IN CAPITAL MARKET GLOBALIZATION

Globalization as a process implies interconnection between several physically disjointed locations, or unification of several different markets into one global market. Capital markets first joined the globalization cours...

Interdependence of Economic Value Added, Net Present Value and Market Value of a Company

Economic value added as a method for company performance measurement for time periods of one year is firstly analyzed in the paper. After that we discuss market value added as a difference between company market value and...

Download PDF file
  • EP ID EP43571
  • DOI -
  • Views 279
  • Downloads 0

How To Cite

Лазар Радовановић, PhD (2003). INFORMATION AND INFORMATION TECHNOLOGIES FOR BUSINESS DECISION-MAKING. Acta Economica, 2(2), -. https://europub.co.uk/articles/-A-43571