The paper reports on the calculations to identify optimum decision strategy for an airline company faced with the alternative choice of actions, for a sandwich bar’s best location , and for a manufacturing firm choice of solution for the production of their liquid products.
The paper presents statistical analysis of two situations, developing a linear program to calculate the profit generated by employees working in shifts, and estimating which decision should be taken under uncertainty.
The paper offers a review of literature on the essence and functions of reliability engineering applying it to the assessment of a products life cycle cost (LCC). The use of graphs showing wear-out of the product and failure mechanisms is discussed.
The paper examines the applications of DSS, a computer-based interactive system facilitating the process of decision-making. An overview of the historical background and the research areas in DSS development is given. The main components of DSS systems are described covering the phases of DSS application design and highlighting the factors to consider in creating DSS application. The impact of DSS applications on decision makers is discussed.
The paper seeks to explain the reasons for the explosion of the NASA Challenger in January 1986 classifying them into several groups. The groups are identified according to the cause of the problem highlighting the issues of scientific, managerial, psychological and organisational character. The paper concludes that all these elements taken together generated the problems that caused the tragedy.
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