In ___________ models, everything is defined and the results are certain,.
A. Deterministic Models
B. Probabilistic Models
C. Both A and B
D. None of the above
Answer: Option A
Solution(By Examveda Team)
In Deterministic Models, everything is defined and the results are certain. Mathematical model in which outcomes are precisely determined through known relationships among states and events, without any room for random variation. In such models, a given input will always produce the same output, such as in a known chemical reaction.This Question Belongs to Management >> Operations Research
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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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