The issue of decision models

Related MCQs

• 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.
• An assumption that implies that finite numbers of choices are available to a decision – maker and the decision variables do not assume negative values is known as ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
• An assumption that implies that finite numbers of choices are available to a decision – maker and the decision variables do not assume negative values is known as ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
• 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 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