Question 1

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 2

The goal of the modeling approach to problem solving is to

Accepted Answer

A) help individuals make good decisions. 
B) ensure optimality of decisions. 
C) determine a set of optimal decisions. 
D) determine feasibility of decisions. 
A) help individuals make good decisions. 
B) ensure optimality of decisions. 
C) determine a set of optimal decisions. 
D) determine feasibility of decisions.

Question 3

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 4

Which step of the problem-solving process is considered the most important?

Accepted Answer

A) Identify problem. 
B) Analyze model. 
C) Test results. 
D) Implement solution. 
A) Identify problem. 
B) Analyze model. 
C) Test results. 
D) Implement solution.

Question 5

The Chapter One "The World of Business Analytics" 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 6

Anchoring occurs when:

Accepted Answer

A) a trivial factor is used as a starting point for estimations in a decision-making problem. 
B) a difficult factor is incorporated in a problem. 
C) an easy solution is obtained to a difficult problem. 
D) obtaining a solution is trivial. 
A) a trivial factor is used as a starting point for estimations in a decision-making problem. 
B) a difficult factor is incorporated in a problem. 
C) an easy solution is obtained to a difficult problem. 
D) obtaining a solution is trivial.

Question 7

The ultimate goal of the problem identification step of the problem-solving process is

Accepted Answer

A) collecting lots of information. 
B) helping the decision maker realize there is a problem. 
C) identifying the root problem or problems causing the mess. 
D) convincing the decision maker the mess is really a problem that can be solved. 
A) collecting lots of information. 
B) helping the decision maker realize there is a problem. 
C) identifying the root problem or problems causing the mess. 
D) convincing the decision maker the mess is really a problem that can be solved.

Question 8

A situation when decision quality is bad and the resulting outcome quality is bad is referred to as

Accepted Answer

A) pure luck. 
B) deserved success. 
C) bad luck. 
D) poetic justice. 
A) pure luck. 
B) deserved success. 
C) bad luck. 
D) poetic justice.

Question 9

The essence of decision analysis is:

Accepted Answer

A) breaking down complex situations into manageable elements. 
B) choosing the best course of action among alternatives. 
C) finding the root cause of why something has gone wrong. 
D) thinking ahead to avoid negative consequences. 
A) breaking down complex situations into manageable elements. 
B) choosing the best course of action among alternatives. 
C) finding the root cause of why something has gone wrong. 
D) thinking ahead to avoid negative consequences.

Question 10

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 11

In which of the following categories of modeling techniques are the specifications of the relationships between dependent and independent variables unknown or ill-defined?

Accepted Answer

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

Question 12

In this text we use the term "mathematics" to encompass
i.familiar elements of math such as algebra.
ii.logic.

Accepted Answer

A) i only 
B) ii only 
C) Both i and ii 
D) Neither i nor ii 
A) i only 
B) ii only 
C) Both i and ii 
D) Neither i nor ii

Question 13

Which of the following steps in the problem-solving process is most likely to incur resistance from people affected by the proposed solution?

Accepted Answer

A) Formulate model 
B) Use model to analyze problem 
C) Test results 
D) Implement solution 
A) Formulate model 
B) Use model to analyze problem 
C) Test results 
D) Implement solution

Question 14

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

Operations Research got its start

The goal of the modeling approach to problem solving is to

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

Which step of the problem-solving process is considered the most important?

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

Anchoring occurs when:

The ultimate goal of the problem identification step of the problem-solving process is

A situation when decision quality is bad and the resulting outcome quality is bad is referred to as

The essence of decision analysis is:

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

In which of the following categories of modeling techniques are the specifications of the relationships between dependent and independent variables unknown or ill-defined?

In this text we use the term "mathematics" to encompass i.familiar elements of math such as algebra. ii.logic.

Which of the following steps in the problem-solving process is most likely to incur resistance from people affected by the proposed solution?

Which of the following categories of modeling techniques includes simulation?

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

Data Mining

Time Series Forecasting

Introduction to Simulation Using Analytic Solver Platform

Queuing Theory

Decision Analysis

Project Management Online

Filters

Exam 1: Introduction to Modeling and Decision Analysis

Operations Research got its start

The goal of the modeling approach to problem solving is to

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

Which step of the problem-solving process is considered the most important?

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

Anchoring occurs when:

The ultimate goal of the problem identification step of the problem-solving process is

A situation when decision quality is bad and the resulting outcome quality is bad is referred to as

The essence of decision analysis is:

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

In which of the following categories of modeling techniques are the specifications of the relationships between dependent and independent variables unknown or ill-defined?

In this text we use the term "mathematics" to encompass i.familiar elements of math such as algebra. ii.logic.

Which of the following steps in the problem-solving process is most likely to incur resistance from people affected by the proposed solution?

Which of the following categories of modeling techniques includes simulation?

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

Data Mining

Time Series Forecasting

Introduction to Simulation Using Analytic Solver Platform

Queuing Theory

Decision Analysis

Project Management Online

Filters