Exam 1: Introduction to Modeling

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In modeling situations where it is not possible to write an equation for an output in terms of the inputs, there may still be a mathematical procedure for calculating outputs from inputs.

(True/False)

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Question 21

The modeling process discussed in Practical Management Science is a

(Multiple Choice)

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Question 22

In some applications, an analyst might present several alternative solutions from a model, and let the organization choose the best one.

(True/False)

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Question 23

Which of the following is not one of advantages of mathematical models?

(Multiple Choice)

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Question 24

Models that suggest a desirable course of action are called descriptive models

(True/False)

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Question 25

Verification is typically the most difficult phase of the modeling process, from a mathematical perspective.

(True/False)

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Question 26

Which of the following is a possible cause if a model's outputs for certain inputs are not as expected?

(Multiple Choice)

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Question 27

In a descriptive model, the manager first wants to build a model that reflects the current situation.

(True/False)

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Question 28

A first step in determining how well a model fits reality is to:

(Multiple Choice)

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Question 29

Which of the following is not one of the reasons for the new-found relevance of management science models?

(Multiple Choice)

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Question 30

Showing 21 - 30 of 30

In modeling situations where it is not possible to write an equation for an output in terms of the inputs, there may still be a mathematical procedure for calculating outputs from inputs.

The modeling process discussed in Practical Management Science is a

In some applications, an analyst might present several alternative solutions from a model, and let the organization choose the best one.

Which of the following is not one of advantages of mathematical models?

Models that suggest a desirable course of action are called descriptive models

Verification is typically the most difficult phase of the modeling process, from a mathematical perspective.

Which of the following is a possible cause if a model's outputs for certain inputs are not as expected?

In a descriptive model, the manager first wants to build a model that reflects the current situation.

A first step in determining how well a model fits reality is to:

Which of the following is not one of the reasons for the new-found relevance of management science models?

Introduction to Spreadsheet Modeling

Introduction to Optimization Modeling

Linear Programming Models

Network Models

Optimization Models With Integer Variables

Nonlinear Optimization Models

Evolutionary Solver: An Alternative Optimization Procedure

Decision Making Under Uncertainty

Introduction to Simulation Modeling

Simulation Models

Inventory and Supply Chain Models

Queuing Models

Regression and Forecasting Models

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