A manufacturing firm has four workstations, A, B, C and D in series with individual capacity of processing. 450,390,360 and 400 units per day respectively and the actual output of the firm is 306 units per day. The system capacity and system efficiency of the firm shall respectively be

The use of decision models.

A. Is possible when the variables value is known

B. Reduces the scope of judgement & intuition known with certainty in decision-making

C. Require the use of computer software

D. None of the above

Every mathematical model.

A. Must be deterministic

B. Requires computer aid for its solution

C. Represents data in numerical form

D. All of the above

A physical model is example of.

A. An iconic model

B. An analogue model

C. A verbal model

D. A mathematical model

The qualitative approach to decision analysis relies on.

A. Experience

B. Judgement

C. Intuition

D. All of the above