The quantitative approach to decision analysis is a

Related MCQs

• The quantitative approach to decision analysis is a
• Who defined Operations Research as an aid for the executive in marketing his decisions by providing him with the quantitative information based on the scientific method of analysis ?
• Who defined Operations Research as an aid for the executive in marketing his decisions by providing him with the quantitative information based on the scientific method of analysis
• 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 ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
• Who defined Operations Research as scientific method of providing executive departments with a quantitative basis for decisions regarding the operations under their control?
• 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
• If there are or more decision variables in a LPP, SIMPLEX method is used.
• In simplex method, if there is tie between a decision variable and a slack (or surplus) variable, ‐‐‐ ‐‐‐‐‐‐‐‐‐‐‐‐‐‐ should be selected