Decision-making software
Type of software that helps make decisions / From Wikipedia, the free encyclopedia
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Decision-making software (DM software) is software for computer applications that help individuals and organisations make choices and take decisions, typically by ranking, prioritizing or choosing from a number of options.
An early example of DM software was described in 1973.[1][2] Before the advent of the World Wide Web, most DM software was spreadsheet-based,[2] with the first web-based DM software appearing in the mid-1990s.[3] Nowadays, many DM software products (mostly web-based) are available[4][5][6][7] – e.g. see the comparison table below.
Most DM software focuses on ranking, prioritizing or choosing from among alternatives characterized on multiple criteria or attributes.[4] Thus most DM software is based on decision analysis, usually multi-criteria decision-making, and so is often referred to as "decision analysis"[5][6] or "multi-criteria decision-making"[4] software – commonly shortened to "decision-making software". Some decision support systems include a DM software component.