Operations Research uses models to help the management to determine its ___________ scientifically.
A. Policies
B. Actions
C. Both A and B
D. None of the above
Answer: Option C
Solution(By Examveda Team)
Operations Research uses models to help the management to determine its policies and actions scientifically. It uses various scientific research-based principles, strategies, and analytical methods including mathematical modeling, statistics and numerical algorithms to improve an organization's ability to enact rational and meaningful management decisions by arriving at optimal or near optimal solutions.This Question Belongs to Management >> Operations Research
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
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A physical model is example of.
A. An iconic model
B. An analogue model
C. A verbal model
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B. Judgement
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D. All of the above
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