__________ models involves the allocation of resources to activities in such a manner that some measure of effectiveness is optimized.
A. Sequencing
B. Allocation Models
C. Queuing Theory
D. Decision Theory
Answer: Option B
A. Sequencing
B. Allocation Models
C. Queuing Theory
D. Decision Theory
Answer: Option B
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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