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An Introduction to Management Science Quantitative Approaches to Decision Making, International edition - Complete Test test bank - exam questions - quizzes (updated 2022)

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Description: - In the file you can find extensive number of exam questions. - Supports multiple editions (newer and older) - Different difficulty levels ranging from easy to extremely difficult - The whole book is covered (All chapters) - Questions you can expect to see: Multiple choice questions, Problem solving, essays, Fill in the blanks, and True/False. - PDF Format *** If you have any questions or special request feel free to send a private message

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Uploaded on
February 4, 2022
Number of pages
459
Written in
2021/2022
Type
Exam (elaborations)
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TABLE OF CONTENTS




CHAPTER 1 INTRODUCTION



CHAPTER 2 INTRODUCTION TO LINEAR PROGRAMMING



CHAPTER 3 LINEAR PROGRAMMING: SENSITIVITY ANALYSIS

AND INTERPRETATION OF SOLUTION



CHAPTER 4 LINEAR PROGRAMMING APPLICATIONS



CHAPTER 5 LINEAR PROGRAMMING: THE SIMPLEX METHOD



CHAPTER 6 SIMPLEX-BASED SENSITIVITY ANALYSIS AND DUALITY



CHAPTER 7 TRANSPORTATION, ASSIGNMENT,

AND TRANSSHIPMENT PROBLEMS



CHAPTER 8 INTEGER LINEAR PROGRAMMING



CHAPTER 9 NETWORK MODELS

,CHAPTER 10 PROJECT SCHEDULING: PERT/CPM



CHAPTER 11 INVENTORY MODELS



CHAPTER 12 WAITING LINE MODELS



CHAPTER 13 SIMULATION



CHAPTER 14 DECISION ANALYSIS



CHAPTER 15 MULTICRITERIA DECISIONS



CHAPTER 16 FORECASTING



CHAPTER 17 MARKOV PROCESSES



CHAPTER 18 DYNAMIC PROGRAMMING

, 1


Introduction




MULTIPLE CHOICE

1. The field of management science

a. concentrates on the use of quantitative methods to assist in decision making.

b. approaches decision making rationally, with techniques based on the
scientific method.

c. is another name for decision science and for operations research.

d. each of the above is true.

ANSWER: d

TOPIC: Introduction



2. Identification and definition of a problem

a. cannot be done until alternatives are proposed.

b. is the first step of decision making.

c. is the final step of problem solving.

d. requires consideration of multiple criteria.

ANSWER: b

TOPIC: Problem solving and decision making

, 3. Decision alternatives

a. should be identified before decision criteria are established.

b. are limited to quantitative solutions

c. are evaluated as a part of the problem definition stage.

d. are best generated by brain-storming.

ANSWER: a

TOPIC: Problem solving and decision making



4. Decision criteria

a. are the choices faced by the decision maker.

b. are the problems faced by the decision maker.

c. are the ways to evaluate the choices faced by the decision
maker.

d. must be unique for a problem.

ANSWER: c

TOPIC: Problem solving and decision making

5. In a multicriteria decision problem

a. it is impossible to select a single decision alternative.

b. the decision maker must evaluate each alternative with respect to each
criterion.

c. successive decisions must be made over time.

d. each of the above is true.

ANSWER: b

TOPIC: Problem solving and decision making



6. The quantitative analysis approach requires

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