Exam 6: Prescriptive Analytics: Optimization and Simulation

How are linear programming models vulnerable when used in complex situation?

The ________ approach can be used in conjunction with artificial intelligence.

In the School District of Philadelphia case,Excel and an add-in was used to evaluate different vendor options.

________ is performed by indicating a target cell,its desired value,and a changing cell.

Provide some examples where a sensitivity analysis may be used.

Intermediate result variables reflect intermediate outcomes in

The ________ approach assumes that the best possible outcome of each alternative will occur and then selects the best of the best.

List and briefly discuss the major components of a quantitative model.

VIS uses animated computer graphic displays to present the impact of different managerial decisions.

All quantitative models are typically made up of six basic components.

Important spreadsheet features for modeling include all of the following EXCEPT

Conventional ________ generally reports statistical results at the end of a set of experiments.

Of the available solutions,at least one is the best,in the sense that the degree of goal attainment associated with it is the highest; this is called a(n)________ solution.

This method calculates the values of the inputs necessary to generate a zero profit outcome.

Identification of a model's variables (e.g.,decision,result,uncontrollable)is critical,as are the relationships among the ________.

What type of VIM models display a visual image of the result of one decision alternative at a time?

If a simulation result does NOT match the intuition or judgment of the decision maker,what can occur?

List and describe the most common approaches for treating uncertainty.

Modeling is a key element for prescriptive analytics.

Which of the following is NOT a characteristic displayed by a LP allocation problem?