Exam 1: Introduction to Management Science Models

Erlang's pioneering work in queuing theory emerged shortly after the start of the twentieth century.The next truly significant work in the field (by Little, et al) came roughly fifty years later.Why the long delay?

(Essay)

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Question 21

Variable constraints may not include:

(Multiple Choice)

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Question 22

Harold Shein, the accordion teacher, charges $A per hour lesson for a novice and $B (greater than $A) for an advanced student.P percent of novice students become advanced, and R percent of advanced students cease taking lessons.Shein has H hours available each week and prefers that at least half his students are advanced.Create a mathematical model shell (objective function and constraints) of his business.

(Essay)

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Question 23

If "necessity is the mother of invention," management science's mother was probably:

(Multiple Choice)

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Question 24

Constrained mathematical models contain variable constraints as well as functional constraints.

(True/False)

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Question 25

Once a mathematical model is complete, you cannot change the problem definition.

(True/False)

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Question 26

In management science problems, algorithms are:

(Multiple Choice)

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Question 27

The management science team should make certain that management is sure of its objective before developing and solving a model.

(True/False)

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Question 28

Computer programs exist for all standard management science solution procedures.

(True/False)

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Question 29

Management science applications do not include:

(Multiple Choice)

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Question 30

Which Excel function finds the value X such that 55% of the probability lies below X from a normal distribution with mean $\mu$ = 20 and standard deviation $\sigma$ = 3?

(Multiple Choice)

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Question 31

Mathematical modeling is a process that translates observed or desired phenomena into mathematical expression.

(True/False)

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Question 32

The worst mistake a management science analyst can make in addressing the organization's problem is probably:

(Multiple Choice)

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Question 33

Management science replaces common sense with scientific analysis.

(True/False)

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Question 34

Which step is not part of the mathematical modeling process?

(Multiple Choice)

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Question 35

Globe Spanners, a local travel agency, is facing a financial "crunch." In September, 1997, most airlines reduced the commissions they pay travel agencies to book airline tickets from ten percent to eight percent.Having initially capped commissions at $25 for a one way ticket and $50 for a round trip in February of 1995, the combination of both changes had reduced Globe Spanners' compensation to less than six percent, below their operating costs for booking air travel.Is this a problem amenable to management science analysis?

(Essay)

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Question 36

The developer of the simplex method in linear programming is generally regarded to be:

(Multiple Choice)

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Question 37

"Let X = the number of 750 ml bottles of Federini Chablis to be produced and shipped next calendar month." Critically evaluate this as the definition of a decision variable in a management science problem.

(Essay)

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Question 38

Constrained mathematical models may be characterized as:

(Multiple Choice)

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Question 39

What is the difference between "deterministic" and "stochastic"?

(Essay)

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Question 40

Showing 21 - 40 of 50

Erlang's pioneering work in queuing theory emerged shortly after the start of the twentieth century.The next truly significant work in the field (by Little, et al) came roughly fifty years later.Why the long delay?

Variable constraints may not include:

If "necessity is the mother of invention," management science's mother was probably:

Constrained mathematical models contain variable constraints as well as functional constraints.

Once a mathematical model is complete, you cannot change the problem definition.

In management science problems, algorithms are:

The management science team should make certain that management is sure of its objective before developing and solving a model.

Computer programs exist for all standard management science solution procedures.

Management science applications do not include:

Which Excel function finds the value X such that 55% of the probability lies below X from a normal distribution with mean $\mu$ = 20 and standard deviation $\sigma$ = 3?

Mathematical modeling is a process that translates observed or desired phenomena into mathematical expression.

The worst mistake a management science analyst can make in addressing the organization's problem is probably:

Management science replaces common sense with scientific analysis.

Which step is not part of the mathematical modeling process?

The developer of the simplex method in linear programming is generally regarded to be:

"Let X = the number of 750 ml bottles of Federini Chablis to be produced and shipped next calendar month." Critically evaluate this as the definition of a decision variable in a management science problem.

Constrained mathematical models may be characterized as:

What is the difference between "deterministic" and "stochastic"?

Introduction to Management Science Models

Applications of Linear and Integer Programming Models

Network Models

Project Scheduling Models

Decision Models

Forecasting

Inventory Models

Queuing Models

Simulation Models

Quality Management Models

Markov Process Models

Nonlinear Models:dynamic, Goal, and Nonlinear Programming

Filters

Exam 1: Introduction to Management Science Models

Erlang's pioneering work in queuing theory emerged shortly after the start of the twentieth century.The next truly significant work in the field (by Little, et al) came roughly fifty years later.Why the long delay?

Variable constraints may not include:

If "necessity is the mother of invention," management science's mother was probably:

Constrained mathematical models contain variable constraints as well as functional constraints.

Once a mathematical model is complete, you cannot change the problem definition.

In management science problems, algorithms are:

The management science team should make certain that management is sure of its objective before developing and solving a model.

Computer programs exist for all standard management science solution procedures.

Management science applications do not include:

Which Excel function finds the value X such that 55% of the probability lies below X from a normal distribution with mean μ\muμ = 20 and standard deviation σ\sigmaσ = 3?

Mathematical modeling is a process that translates observed or desired phenomena into mathematical expression.

The worst mistake a management science analyst can make in addressing the organization's problem is probably:

Management science replaces common sense with scientific analysis.

Which step is not part of the mathematical modeling process?

The developer of the simplex method in linear programming is generally regarded to be:

"Let X = the number of 750 ml bottles of Federini Chablis to be produced and shipped next calendar month." Critically evaluate this as the definition of a decision variable in a management science problem.

Constrained mathematical models may be characterized as:

What is the difference between "deterministic" and "stochastic"?

Introduction to Management Science Models

Applications of Linear and Integer Programming Models

Network Models

Project Scheduling Models

Decision Models

Forecasting

Inventory Models

Queuing Models

Simulation Models

Quality Management Models

Markov Process Models

Nonlinear Models:dynamic, Goal, and Nonlinear Programming

Filters

Which Excel function finds the value X such that 55% of the probability lies below X from a normal distribution with mean $\mu$ = 20 and standard deviation $\sigma$ = 3?