Probabilistic models are also known as

Related MCQs

• Probabilistic models are also known as
• Operations Research Models in which values of all variables and all possible outcomes are known with certainty are called models.
• Operations Research Models in which some or all variables are random in nature are called models.
• Operations Research uses models built by quantitative measurement of the variables c a given problem and also derives a solution from the model using ‐‐‐‐‐‐‐‐‐‐‐‐‐ of the diversified solution techniques oncerning
• Operations Research uses models built by quantitative measurement of the variables concerning a given problem and also derives a solution from the model using ‐‐‐‐‐‐‐‐‐‐‐‐‐ of the diversified solution techniques
• Operations Research uses models to help the management to determine its ‐‐‐‐‐‐‐‐‐‐‐ scientifically
• What have been constructed for Operations Research problems and methods for solving the models that are available in many cases?
• ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ models involves the allocation of resources to activities in such a manner that some measure of effectiveness is optimized.
• In ‐‐‐‐‐‐‐‐‐‐‐ models, everything is defined and the results are certain,
• In ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ models there is risk and uncertainty