Research goals and objectives: to describe the experience of the design, development and use of decision support systems (DSS) in the study of economic disciplines in higher education. Subject of research: design, development and use of decision support systems in the study of economic disciplines in higher education. Research methods used: comparative analysis, business analytics, design of software module, interactive decision making, analytical methods. Results of the research: The quality of a decision depends on the input information and a set of relevant economic indicators. Decision making support systems with calculation algorithms containing endogenous economic indicators, as well as the precedent knowledge base are designed to facilitate selection of alternatives in decision making using exogenous parameters. Automation of economic indicators' calculations has a didactic purpose for students of economic specialties. The DSS developed will facilitate decision-making in semistructured and unstructured situations at micro and macro levels.
The rapid development of new systems and the creation, storage and handling of
information flow caused the active dissemination of information and computer systems
in various spheres of human activity [
The need for computer support of decision-making in economics and business today is due to the influence of a number of objective reasons, such as: increase in body of information coming to management and executives directly; complexity of problems solved every day and for the prospect; the need to account and consider a large number of rapidly changing interrelated factors and requirements; increasing importance of the consequences of the decisions made, and so on. All these caused rapid development and wide use of decision support systems and predefined the objectives and functions of computer systems.
DSS are widely used in the advanced economies of the world, and their number is constantly growing. A number of DSS are used at the level of strategic management particularly for long-, medium- and short-term and financial planning, including the capital investment distribution system. Oriented operational management DSS are applied in marketing (for forecasting and analysis of sales, market research and price).
Therefore, to improve the process of education, it also makes sense to use such powerful technologies as DSS, which is a new step in the development of education, an effective way to meet the needs of students in acquiring new knowledge.
The purpose of the paper is to describe the experience of the design, development and use of DSS in the study of economic disciplines in higher education.
The paper is organized as follows: part 2 describes related works on DSS; part 3 demonstrates classification of DSS; part 4 reveals decision making based on economic information and decision support system; part 5 demonstrates design and development of decision support systems in economics; part 6 considers interface for DSS in the study of economic disciplines in higher education; the last part concludes. 2
The presence of a large array of input data, different tasks and restricted time for decision makers requires the creation of expert decision support system (EDSS), which will determine the need for necessary information and facilitate the choice of the appropriate integrated economic indicators for calculation.
The decision making implies determining of various integrated economic
parameters which can be calculated in different ways. Patterns of these indicators should be
clearly classified according to levels of the economy, such as microeconomics,
industrial economics or macroeconomics [
Software development of DSS module will allow automating the calculation of integrated economic indicators using the developed algorithms, which will be the base of decision making. This will save valuable time for the construction of new indicators based on input information.
The stated purpose suggests the following tasks: • to classify and review the existing DSS economics; • to design and develop new DSS for use in the study of economic disciplines in higher education; • to describe the technique of using DSS in the study of economic disciplines in higher education; • to automate the calculation of integrated economic indicators based on input information at micro and macro levels; • to provide an opportunity to expand the base of integrated economic parameters for increasing flexibility of DSS in decision-making process according to industry specificity or level of responsibility of decision maker.
DSS will reduce economic resources for computation of integrated economic indicators which will increase its allocation and social efficiency. Saved resources of time and budget will provide reserves for expanding and economic growth of SME. Simulations which can be done via EDSS will enhance the economic competence of decision makers. Rational decisions will allow decreasing the deadweight loss of society and increasing its welfare.
Decision theory was born in the XVIII century. The fundamental problems of this
theory are the questions of formal basis of choice and the genesis of optimality
criterion. Scientific bases of decision theory were laid during the Second World War. Its
authors are J. Von Neumann and O.Morhenshtern who published their book on game
theory in 1944 [
DSS emerged in early seventies of the twentieth century due to development of
management information systems. Their development was also significantly
influenced by achievements in the field of information technology, especially the
emergence of telecommunications networks, personal computers, expert systems, the
Internet etc [
There is still no uniform definition of DSS. Some researchers understand it as
‘interactive system that provides ultimate users who make decisions an easy and
convenient access to data and models for decision making in semi-structured and
unstructured situations from different fields of human activity’ [
Structure of almost all computer systems contains the following main components: • UI subsystem; • DMS - database management system; • CSBM - control system of base models.
Specific features of DSS [
The most important objectives of DSS are [
The realization of these goals provides DSS users with the following potential
benefits [
Also the benefits of DSS include intensification of competitive advantage through increased profits, expansion and support of customers, acceleration of decision making. DSS can improve communication of customers and suppliers through Internet and web-based technologies. DSS has an opportunity 24/7 for interactions between staff and customers.
Decision support system is applied under uncertainty, risk, heuristics research etc
[
sion-making
Application of pairwise comparisons Support of team work Different users roles Sensitivity analysis application
Web-based
Expert Choice, Inc. http://expertc hoice.com/ Analytic Hierarchy Process + + + +
http://decisionlens.co m/ Analytic Hierarchy Process, Analytic Network Process
+ + + their decisions based on sustainable business growth and reduce risks. Strategic DSS are based on the principles of multi-dimensional presentation and data analysis (OLAP). The following table 1 provides an overview of well-known decision support systems. + + + Customers NsoWiMonAfngoASestrodA,mletnW,reyoGBrPaniaasacirhcnsa-,,-k JoFWhAendadsGmseohreniainnnl&eigsAntttJorveaonictahihGtnoisnoao,nsn,,
Taking into account different types of large companies which use DSS we can conclude about necessity of these instruments for decision making. 3
Today there is no single classification of DSS, so let us consider some basic
classifications taking into account their different characteristics. At the user level we can
distinguish the following DSS types [
At the technical level are distinguished [
At the conceptual level are considered [
Some OLAP-systems which can be treated as hybrid DSS analyze complex data
that provide modeling, search and processing of information. Depending on the data
types, DSS can be divided into operative and strategic DSS [
Operative DSS (or Executive Information System) is assigned for immediate response to changes in the current situation in the management of financial and economic process of a firm, industry or country. These systems have a finite set of reports built on the basis of data from transactional information system of firms’ business accounting. They provide an adequate reflection of real-time key aspects of industrial and financial activity. Such DSS are characterized by the following features:
- Reports are based on the standard request for the organization, whose number is relatively small;
- DSS presents reports in most convenient form, including tables, business graphics, multimedia and so on;
- DSS are usually focused on a specific sector, such as finance, marketing, management resources.
Strategic DSS are oriented on analysis of large volume of diversified information collected from various sources. The most important aim of DSS is to search for the most efficient variants of business development, taking into account the influence of factors such as the situation of target markets for the company, changes in financial markets and capital markets, changes in legislation and so on.
Setting of each economic problem implies the presence of exogenous and endogenous variables. The task of decision-maker is to identify endogenous variables using exogenous ones. Endogenous variables can be defined using various combinations of exogenous variables. If the subject area is new to decision maker (student), decision support system will offer all database patterns to calculate necessary endogenous indicator. Thus, the presentation of endogenous y indicator will look as follows (table 2): 2) adapt an indicator to input information held by decision maker; 3) identify alternative ways of decision making grounded on database of integrated economic indicators of DSS; 4) find out the missing information to make a decision; 5) adapt the economic indexes to software modules of DSS; 6) improve development methodology of integrated economic indicators. 5
Higher education system to a greater extent applies information technology [
Developing DSS for economics we used REST-architecture: • backend - Platform - WebAPI ASP.NET + SharedLibrary with all services and business logic for use as containers WebApi business logic; • database - PostgreSQL; • frontend - AngularJSтаBootstrap.
Platform Web Api ASP.NET allows to create easily HTTP service for a wide range of clients including browsers and mobile devices. Web Api ASP.NET is used for developing RESTful-platform applications on .NET Framework.
To interact with the server standard HTTP methods (GET, POST, PUT, DELETE simple HTTP-requests) are used, which allows us to manipulate data. Most API calls are directed to use basic CRUD-operations.
Fig. 1. Administrator Use Case Diagram
For elegant work with the database Entity Framework is used, which is recommended by Microsoft’s data access technology. It is an ORM that enables .NET developers to work with relational data using domain-specific objects. They don’t have towrite the data-access code.
In DSS developing Unity - IoC-container for dependencies determination is applied. Dependency injection (DI) is a mechanism which allows us to weaken connections between objects interacting in application. Such objects are linked through abstraction, e.g., through interfaces. It makes the whole system more flexible, more adaptable and extensible.
Frontend of DSS for economics is realized by AngularJS and Bootstrap. AngularJS is a JavaScript-framework from Google. It is designed for single-page application development. Its purpose is to expand browser applications on the basis of pattern MVC. Bootstrap is the most popular HTML, CSS, and JS framework for developing responsive web projects. This design allows to separate the main objects from secondary ones, to focus user’s attention on the desired item.
Structure of program module DSS is described by following fig. 2 as in [
Module ‘Solving environment’ consists of two columns, where the left is problem statement, below is decision field, the right is math editor and calculator: 1) Mathematical editor - for special mathematical symbols (fig. 4); 2) Calculator - for calculations (fig. 5).
Once the user has completed the task solution, he or she must select "Save solution" (fig. 6). Further you can move to the next problem using the same algorithm. Example of calculation of economic indexes is demonstrated in following fig. 7.
DSS automates the calculation of integrated economic indicators based on input
information for decision makers at micro and macro levels [
Depending on the role, users have different permission.
Guest has the following permission rights: to review all sections and indicators topics; to view topics section; to search option on indicators, patterns and additional performance parameters; to carry out calculations using formulas suggested by the system; to use graphing.
Editor, in addition to the above, can perform the following functions: to add sections to the system: to add topics, patterns and parameters to sections of the system.
Administrator can perform all the functions listed above as well as and additional functions (Administrator Use case diagram is shown in fig. 1): to check and edit the sections, topics, options, functions, patterns proposed by system editors to approve or reject; to add (remove) system users, identify the role of system users (fig. 8).
If a user wants needs to change his/her role from guest to editor he/she has to register through on-line form and administrator should approve this new role. Editor can propose new section, subsection, pattern or parameters for DSS (fig. 9).
Users have to choose the set of exogenous variables to calculate endogenous variable via search procedure. After pressing the ‘Search formula’ button the user can see all patterns which include all indicated variables and choose one of them (fig. 9).
To calculate unknown variable after choosing necessary pattern the user has to put known constants for exogenous variables and parameters. Then he/she can press ‘Calculate’ button to get the answer (fig. 10).
If users know other patterns to calculate economic indexes, they can send request to administrator (fig. 11). After administrator has accepted the new pattern by, the data base will expand and the next user can get access to renewed list of economic patterns.
Thus, DSS for the economics is based on the principle of interactive solving problems. The user is able to maintain a dialogue with DSS in continuous mode. DSS increases the efficiency of decision-making.
DSS performs integration of models and analytical methods with standard access to data and sample from them. One or more models will activate to assist in decision making. Database content covers the history of current, past operations and external information about the environment. DSS focuses on flexibility and adaptability to environmental changes or approaches modifications for solving the problems chosen by users. DSS is intended for use in the module, mid-term control and evaluation of knowledge for full-time and distance students. The users of this software are: 1) students of economic specialties; 2) teachers of economic disciplines.
The advantage of the software for students is the ability to identify endogenous variables using exogenous ones for problem statement using the formulas from database of DSS and built-in calculator.
The advantage of the software for teachers is the possibility to enrich/supplement the formulas base with new formulas suggested by students in the form of integrated economic indicators. This reduces the time to study well-known formulas and saves time to solve creative problems. The novelty of the study is developing a unique software module Decision making of support system intended for didactic purposes, enabling the calculation of integrated economic indicators, expanding its base through formalization input precedents. Didactic value of developed DSS is the integration of scientific efforts of experts in economic forecasting, management, modern economic cybernetics and programming.
Decision Support System is an interactive system that provides users easy access to models and data to support decision-making in relation to semi- and unstructured tasks. So, the DSS is interacting with other computerized systems to assist managers in decision-making. DSS helps managers to find, to calculate and to analyze data concerning the search of solutions. DSS can potentially help the company create an economic advantage saving time for other tasks.
Designed software is fully functional and can be modified in different ways for managers and for students of economic specialties.