Multiple Choice
A first step in determining how well a model fits reality is to:
A) check whether the inputs are correct
B) see if the sensitivity analysis is correct
C) check whether the model is valid for the current situation
D) try some what-if scenarios to see if the model is able to obtain solutions
Correct Answer:
Verified
Correct Answer:
Verified
Q1: Before trusting the answers to what-if scenarios
Q2: Which of the following is <u>not</u> one
Q3: A management science model is typically initiated
Q4: Which of the following is not necessarily
Q6: The primary difference between management science and
Q7: A good model should achieve the right
Q8: In a descriptive model,the manager first wants
Q9: Management science has often been taught as
Q10: The most frequent cause of a failed
Q11: As models become larger and more complex,heuristic