The issue of decision models.
A. Is possible when the variable’s value is
B. Reduces the scope of judgment and intuition known with certainty in decision making
C. Requires the knowledge of computer software use
D. None of the above
Answer: Option D
Solution(By Examveda Team)
The aim is to achieve the best balance between the cost of the resources and the quality of service it provides. In practice, this aim will need to be defined for each situation and will most likely be to achieve the lowest resource cost for a desired response and work quality.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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