Resource allocation in decision support frameworks

A Decision Support System for Resource Allocation

This paper concerns the design of decision support systems (DSSs) which help financial managers in evaluating proposals for strategic and long-range planning. With the proposed two-phased DSS, projects are first selected from a given pool according to greedy heuristics based on the project’s preferences as well as the project’s efficiency. Then, integer programming with an approximation algorit...

Investigating Decision Support Systems Frameworks

Since the early 1970s a number of decision support system (DSS) frameworks have been formulated that describe the characteristics of DSS. This research effort examines several of those frameworks using published case-based research. The purpose is to determine whether the characteristics outlined by the frameworks are observed in these published cases. This is useful in determining those charac...

Rational Decision Making in Resource Allocation

Constrained consumable resource allocation in alternative stochastic networks via multi-objective decision making

Many real projects complete through the realization of one and only one path of various possible network paths. Here, these networks are called alternative stochastic networks (ASNs). It is supposed that the nodes of considered network are probabilistic with exclusive-or receiver and exclusive-or emitter. First, an analytical approach is proposed to simplify the structure of t...

Emergent Frameworks for Decision Support Systems

Knowledge is generated and accessed from heterogeneous spaces. The recent advances in information technologies provide enhanced tools for improving the efficiency of knowledgebased decision support systems. The purpose of this paper is to present the frameworks for developing the optimal blend of technologies required in order to better the knowledge acquisition and reuse in large scale decisio...