__________ 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
Solution(By Examveda Team)
Allocation models involves the allocation of resources to activities in such a manner that some measure of effectiveness is optimized. Allocation models can be created to present possible asset allocation strategies for clients. Diversifying investments by asset categories can offset the fluctuations of the performance of the total portfolio. Besides offering models, OIPA supports the use of funds through allocation configuration.Related Questions on 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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