Markov analysis is useful for:
A. Predicting the state of the system at some future time
B. Calculating transition probabilities at some future time
C. All of the above
D. None of the above
Answer: Option C
Solution (By Examveda Team)
Markov analysis is useful for Predicting the state of the system at some future time and Calculating transition probabilities at some future time.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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