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Chapter 1 Information Systems. Lecture 1 Data, Information and Decisions. Data and Information. Historical trends Information – definition information is data processed for a purpose Processing data categories of data processing (see next slide). Data and Information.
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Chapter 1Information Systems Lecture 1 Data, Information and Decisions
Data and Information • Historical trends • Information – definition • information is data processed for a purpose • Processing data • categories of data processing (see next slide)
Decisions – Cognitive Style and Background • Decision making style • Analytical • Intuitive • Information absorption style • Detailed • Holistic • Background
Decisions – Cognitive Style and Background (Continued) Figure 1.2Four cognitive styles for absorbing information and taking decisions
A Model of Decision Making –Simon’s Model • Intelligence • Design • Choice • Implementation
Decisions – Simon’s Model of Decision Making Figure 1.3Stages in making a decision
Levels of Managerial Decision Taking • Strategic planning • Tactical planning and control • Operational planning and control
Levels of Managerial Decision Taking (Continued) Figure 1.4 Information characteristics for managerial decisions
The Structure of Decisions • Unstructured • Semi-structured • Structured
The value of Information • Quantifiable value • Non-quantifiable value • Intelligence • information collected for background understanding • Cost–benefit analysis • to establish project viability
Chapter 1Information Systems Lecture 2 Systems and Management Information Systems
The Idea of a System • Definition • A collection of interrelated parts that taken together forms a whole such that: • the collection has some purpose; • a change in any of the parts leads to or results from a change in some other part(s). • Characteristics • inputs, outputs, processes, storage
Characteristics of Systems • Systems objectives • objective(s) • measure of performance • Inputs and outputs of a system • one system’s output is another’s input • Systems environment • Boundary • Open and closed systems
Systems Connected by Inputs and Outputs Figure 1.7Systems connected by inputs and outputs
Subsystems and Systems Hierarchies Figure 1.8Hierarchical relations between subsystems in a manufacturing organization
Subsystems Decoupling • Degree of coupling • highly coupled, decoupled • buffer • slack capacity • Total systems approach • Control • feedback, feedforward
Management Information Systems • Drivers • cost, speed, interaction, flexibility • Databases Figure 1.16Business information support systems (alternative terminology)
Management Information Systems As a Collection of Subsystems (a) (b) Figure 1.18The relation between the data-processing and management information systems
Management Information Systems • MIS as a collection of subsystems • Design of MIS • Approaches to MIS design • by-product • null • key variable • total study • critical success factor
Informal and Formal Information • Formal • produced by standard procedures • objective • relevant • Informal • subjective • qualitative • arrives via non-standard channels