The quantitative approach to decision analysis is a.
A. Logical approach
B. Rational approach
C. Scientific approach
D. All of the above
Answer: Option C
Solution(By Examveda Team)
The quantitative approach to decision analysis is a scientific approach. In quantitative decision analysis, we use scientific methods to inform the decision-making process. These methods help data scientists put a value to several critical pieces of information, which include the: Problem facing the organization.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
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
Join The Discussion