Question 1

Better decision making due to using a modeling process is achieved due to

Accepted Answer

A)  the interaction with the spreadsheet. 
B)  the visualization of the system being studied. 
C)  the insight gained through the process. 
D)  the timeliness of the results obtained. 
A)  the interaction with the spreadsheet. 
B)  the visualization of the system being studied. 
C)  the insight gained through the process. 
D)  the timeliness of the results obtained.

Question 2

Variables are termed independent when they satisfy which of the following?

Accepted Answer

A)  The function value depends upon their values. 
B)  The decision maker has no control over them. 
C)  The variables have no relationship to one another. 
D)  The variable is described as an output of the spreadsheet model. 
A)  The function value depends upon their values. 
B)  The decision maker has no control over them. 
C)  The variables have no relationship to one another. 
D)  The variable is described as an output of the spreadsheet model.

Question 3

All of the following are benefits of modeling except:

Accepted Answer

A)  Modeling delivers needed information on a more timely basis. 
B)  Modeling finds the right answers to incorrect or flawed problem statements. 
C)  Modeling is helpful in examining things that would be impossible to do in reality. 
D)  Modeling is less expensive than implementing several alternative solutions. 
A)  Modeling delivers needed information on a more timely basis. 
B)  Modeling finds the right answers to incorrect or flawed problem statements. 
C)  Modeling is helpful in examining things that would be impossible to do in reality. 
D)  Modeling is less expensive than implementing several alternative solutions.

Question 4

The Chapter One "The World of Management Science" case reading discusses the relationship between OR/MS and IS professionals. Which of the following statements is NOT true?

Accepted Answer

A)  OR/MS analysts need IS professionals' data for their models. 
B)  OR/MS analysts need to take many of the IS customers. 
C)  The IS professional cannot use OR/MS tools in their applications. 
D)  The IS tools can start to recommend solutions using OR/MS skills. 
A)  OR/MS analysts need IS professionals' data for their models. 
B)  OR/MS analysts need to take many of the IS customers. 
C)  The IS professional cannot use OR/MS tools in their applications. 
D)  The IS tools can start to recommend solutions using OR/MS skills.

Question 5

Which of the following statements is true of using models in problem solving and decision analysis?

Accepted Answer

A)  It is a fairly new idea. 
B)  It is required in order to find good solutions. 
C)  It is something everyone has done before. 
D)  It is tied to the use of computers. 
A)  It is a fairly new idea. 
B)  It is required in order to find good solutions. 
C)  It is something everyone has done before. 
D)  It is tied to the use of computers.

Question 6

Operations Research got its start

Accepted Answer

A)  during World War II. 
B)  with the first Univac computers in the early 1950's. 
C)  from roots in Operations Management. 
D)  from Frederick Taylor's Scientific Management. 
A)  during World War II. 
B)  with the first Univac computers in the early 1950's. 
C)  from roots in Operations Management. 
D)  from Frederick Taylor's Scientific Management.

Question 7

Which of the following categories of modeling techniques includes simulation?

Accepted Answer

A)  Descriptive models 
B)  Predictive models 
C)  Prescriptive models 
D)  Scale models 
A)  Descriptive models 
B)  Predictive models 
C)  Prescriptive models 
D)  Scale models

Question 8

Project 1.2
Assignment: Conduct a search of internet news sites or trade journals for an instance of a company using a management science technique. Provide a short note summarizing the application, which technique was employed, and any benefits noted.

Accepted Answer

I found an instance of a company using t

Question 9

If we do not identify the correct problem, the best we can hope for is:

Accepted Answer

A)  wasted time and effort. 
B)  useful experience in problem definition efforts. 
C)  a descriptive model. 
D)  the right answer to the wrong question. 
A)  wasted time and effort. 
B)  useful experience in problem definition efforts. 
C)  a descriptive model. 
D)  the right answer to the wrong question.

Question 10

To illustrate how a complex system will be built, an engineer will likely use a

Accepted Answer

A)  Mathematical model 
B)  Mental model 
C)  Physical model 
D)  Visual model 
A)  Mathematical model 
B)  Mental model 
C)  Physical model 
D)  Visual model

Question 11

Implementing solutions to problems involves people and change. Which of the following is a suggested approach to effectively implement solutions?

Accepted Answer

A)  Decision-making authority centralized to those who have specialized training in decision making. 
B)  Involve anyone affected by the decision in all steps of the problem-solving process. 
C)  Making decisions according to majority vote. 
D)  More skillful communication of management decisions. 
A)  Decision-making authority centralized to those who have specialized training in decision making. 
B)  Involve anyone affected by the decision in all steps of the problem-solving process. 
C)  Making decisions according to majority vote. 
D)  More skillful communication of management decisions.

Question 12

To be effective, a modeler must

Accepted Answer

A)  be an effective presenter of results. 
B)  collect the proper input data for the model. 
C)  understand how modeling fits into the problem-solving process. 
D)  apply the correct modeling technique. 
A)  be an effective presenter of results. 
B)  collect the proper input data for the model. 
C)  understand how modeling fits into the problem-solving process. 
D)  apply the correct modeling technique.

Better decision making due to using a modeling process is achieved due to

Variables are termed independent when they satisfy which of the following?

All of the following are benefits of modeling except:

The Chapter One "The World of Management Science" case reading discusses the relationship between OR/MS and IS professionals. Which of the following statements is NOT true?

Which of the following statements is true of using models in problem solving and decision analysis?

Operations Research got its start

Which of the following categories of modeling techniques includes simulation?

Project 1.2 Assignment: Conduct a search of internet news sites or trade journals for an instance of a company using a management science technique. Provide a short note summarizing the application, which technique was employed, and any benefits noted.

If we do not identify the correct problem, the best we can hope for is:

To illustrate how a complex system will be built, an engineer will likely use a

Implementing solutions to problems involves people and change. Which of the following is a suggested approach to effectively implement solutions?

To be effective, a modeler must

Introduction to Optimization and Linear Programming

Modeling and Solving Lp Problems in a Spreadsheet

Sensitivity Analysis and the Simplex Method

Network Modeling

Integer Linear Programming

Goal Programming and Multiple Objective Optimization

Nonlinear Programming and Evolutionary Optimization

Regression Analysis

Discriminant Analysis

Time Series Forecasting

Introduction to Simulation Using Risk Solver Platform

Queuing Theory

Decision Analysis

Project Management Online

Filters

Exam 1: Introduction to Modeling and Decision Analysis

Better decision making due to using a modeling process is achieved due to

Variables are termed independent when they satisfy which of the following?

All of the following are benefits of modeling except:

The Chapter One "The World of Management Science" case reading discusses the relationship between OR/MS and IS professionals. Which of the following statements is NOT true?

Which of the following statements is true of using models in problem solving and decision analysis?

Operations Research got its start

Which of the following categories of modeling techniques includes simulation?

Project 1.2 Assignment: Conduct a search of internet news sites or trade journals for an instance of a company using a management science technique. Provide a short note summarizing the application, which technique was employed, and any benefits noted.

If we do not identify the correct problem, the best we can hope for is:

To illustrate how a complex system will be built, an engineer will likely use a

Implementing solutions to problems involves people and change. Which of the following is a suggested approach to effectively implement solutions?

To be effective, a modeler must

Introduction to Optimization and Linear Programming

Modeling and Solving Lp Problems in a Spreadsheet

Sensitivity Analysis and the Simplex Method

Network Modeling

Integer Linear Programming

Goal Programming and Multiple Objective Optimization

Nonlinear Programming and Evolutionary Optimization

Regression Analysis

Discriminant Analysis

Time Series Forecasting

Introduction to Simulation Using Risk Solver Platform

Queuing Theory

Decision Analysis

Project Management Online

Filters