Analytical results are taken into consideration before a simulation study so as to.
A. Identify suitable values of the system parameters
B. Determine the optimal decision
C. Identify suitable values of decision variables for the specific choices of system parameters
D. All of the above
Answer: Option C
Solution(By Examveda Team)
Analytical results are taken into consideration before a simulation study so as to Identify suitable values of decision variables for the specific choices of system parameters. A true analytical result presumes an analytical procedure without systematic errors. They can be detected by comparing the analytical results with the true value or with an accepted reference.This Question Belongs to Management >> Operations Research
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
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
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