Decision Support System is a kind of computer information system supporting a business or an organization in terms of decision-making activities. It helps top management to make long term decisions. This kind of system can handle unstructured or partially structured decisions. Unstructured decision refers to situations where there is no clear methods for making decisions and some of the issues to be considered in making the decision can be known in advance.
Classification of Decision Support Systems
- Text-oriented – These are written documents whose contents can be made available to decision makers. These can be periodicals, catalogue books, memos or reports that provides information or knowledge that are important to people making decisions when they make choices. It allows users to focus on portions of the content. Text-oriented systems can perform analysis on the content and recommend sections that the decision maker may not have considered.
- Database-oriented– This kind of decision support system provides descriptive information that is relevant to a choice that is under consideration. It focuses on discrete data that are stored in a database. The system controlling the database allows manipulating and joining data so that these data can be presented in a way that it can be used in making decisions.
- Spreadsheet-oriented – The tools are available in a spreadsheet so that the user can summarize and analyse them. They allow users to create basic models and evaluate these models quickly and efficiently.
- Rule-oriented – This type of decision support system uses the standard rules of making analysis such as – if premise is true, then, some condition is true, or else another condition is true. The system links the rules together in order to provide cognitive functions and prove something to be true or in some cases, false.
Benefits of Decision Support System to Oil and Gas Industry
Oil and gas Industry can benefit from integrating decision support system in their organization. Considering that the industry is so vast and wide, it needs lots of information and data so that top management can make accurate and effective decisions.
- A well designed decision support system can help compile useful information from different raw data, business model, documents and even personal knowledge so that decision makers can identify and solve problems and make decision.
- Top management can make faster and more effective decisions thus it is time saving and avoids waste.
- Decision makers can make decision wherever they may be.