Question 1

Which of the following is NOT an assumption used by a LP allocation problem?

Accepted Answer

A) Returns from different allocations can be compared. 
B) The return from any allocation is independent of other allocations. 
C) The total return is the sum of the returns yielded by the different activities. 
D) All data are unknown with decision making under uncertainty. 
A) Returns from different allocations can be compared. 
B) The return from any allocation is independent of other allocations. 
C) The total return is the sum of the returns yielded by the different activities. 
D) All data are unknown with decision making under uncertainty.

Question 2

Factors that are not under the control of the decision maker but can be fixed,are called ________.

Accepted Answer

The answer of Factors that are not under the control...

Question 3

When the decision maker must consider several possible outcomes for each alternative,each with a given probability of occurrence,this is decision making under

Accepted Answer

A) certainty. 
B) uncertainty. 
C) risk. 
D) duress. 
A) certainty. 
B) uncertainty. 
C) risk. 
D) duress.

Question 4

Which of the following is NOT an assumption used by a LP allocation problem?

Accepted Answer

A) The resources are to be used in the most economical manner. 
B) The return from any allocation is independent of other allocations. 
C) Total returns cannot be compared. 
D) All data are known with certainty. 
A) The resources are to be used in the most economical manner. 
B) The return from any allocation is independent of other allocations. 
C) Total returns cannot be compared. 
D) All data are known with certainty.

Question 5

Why are spreadsheet applications so commonly used for decision modeling?

Accepted Answer

Spreadsheets are often used for this pur

Question 6

Online commerce and communication has created an immense need for forecasting and an abundance of available information for performing it.

Accepted Answer

A) True 
 B)False

Question 7

Result variables are considered independent variables.

Accepted Answer

A) True 
 B)False

Question 8

Selecting the best ________ to work with is a laborious yet important task for companies and government organizations.

Accepted Answer

The answer of Selecting the best ________ to work with...

Which of the following is NOT an assumption used by a LP allocation problem?

Factors that are not under the control of the decision maker but can be fixed,are called ________.

When the decision maker must consider several possible outcomes for each alternative,each with a given probability of occurrence,this is decision making under

Which of the following is NOT an assumption used by a LP allocation problem?

Why are spreadsheet applications so commonly used for decision modeling?

Online commerce and communication has created an immense need for forecasting and an abundance of available information for performing it.

Result variables are considered independent variables.

Selecting the best ________ to work with is a laborious yet important task for companies and government organizations.

An Overview of Business Intelligence,analytics,and Data Science

Descriptive Analytics I: Nature of Data,statistical Modeling,

Descriptive Analytics II: Business Intelligence and Data Warehousing

Predictive Analytics I: Data Mining Process, methods, and Algorithms

Predictive Analytics II: Text, web, and Social Media Analytics

Big Data Concepts and Tools

Future Trends,privacy and Managerial Considerations in Analytics

Filters

Exam 6: Prescriptive Analytics: Optimization and Simulation

Which of the following is NOT an assumption used by a LP allocation problem?

Factors that are not under the control of the decision maker but can be fixed,are called ________.

When the decision maker must consider several possible outcomes for each alternative,each with a given probability of occurrence,this is decision making under

Which of the following is NOT an assumption used by a LP allocation problem?

Why are spreadsheet applications so commonly used for decision modeling?

Online commerce and communication has created an immense need for forecasting and an abundance of available information for performing it.

Result variables are considered independent variables.

Selecting the best ________ to work with is a laborious yet important task for companies and government organizations.

An Overview of Business Intelligence,analytics,and Data Science

Descriptive Analytics I: Nature of Data,statistical Modeling,

Descriptive Analytics II: Business Intelligence and Data Warehousing

Predictive Analytics I: Data Mining Process, methods, and Algorithms

Predictive Analytics II: Text, web, and Social Media Analytics

Big Data Concepts and Tools

Future Trends,privacy and Managerial Considerations in Analytics

Filters