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What have been constructed for Operations Research problems and methods for solving the models that are available in many cases?

A. Scientific Models

B. Algorithms

C. Mathematical Models

D. None of the above

Answer: Option C

Solution(By Examveda Team)

Mathematical Models have been constructed for Operations Research problems and methods for solving the models that are available in many cases. A mathematical model can be defined as a description of a system using mathematical concepts and language to facilitate proper explanation of a system or to study the effects of different components and to make predictions on patterns of behaviour (Abramowitz and Stegun, 1968).

This Question Belongs to Management >> Operations Research

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The use of decision models.

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