100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached 4.2 TrustPilot
logo-home
Exam (elaborations)

Unlock Your Full Potential with the Essential [An Introduction to Management Science Quantitative Approaches to Decision Making,12E,anderson.International edition] Test Bank

Rating
-
Sold
-
Pages
459
Grade
A
Uploaded on
09-07-2023
Written in
2022/2023

Are you ready to take your academic performance to the next level? Look no further than our extensive collection of test banks for [An Introduction to Management Science Quantitative Approaches to Decision Making,12E,anderson.International edition]. Our test banks are meticulously curated to provide you with a comprehensive and in-depth understanding of the subject matter. With hundreds of well-structured questions and detailed explanations, our test banks will help you excel in your studies and achieve outstanding results in your exams. Don't miss out on this opportunity to enhance your learning experience. Purchase our [An Introduction to Management Science Quantitative Approaches to Decision Making,12E,anderson.International edition] Test Bank today and unlock your full potential!

Show more Read less











Whoops! We can’t load your doc right now. Try again or contact support.

Document information

Uploaded on
July 9, 2023
Number of pages
459
Written in
2022/2023
Type
Exam (elaborations)
Contains
Questions & answers

Content preview

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

Get to know the seller

Seller avatar
Reputation scores are based on the amount of documents a seller has sold for a fee and the reviews they have received for those documents. There are three levels: Bronze, Silver and Gold. The better the reputation, the more your can rely on the quality of the sellers work.
PracticeExams my own
View profile
Follow You need to be logged in order to follow users or courses
Sold
316
Member since
2 year
Number of followers
194
Documents
3272
Last sold
1 month ago
ExamPrepZone

4.1

41 reviews

5
25
4
4
3
7
2
2
1
3

Recently viewed by you

Why students choose Stuvia

Created by fellow students, verified by reviews

Quality you can trust: written by students who passed their tests and reviewed by others who've used these notes.

Didn't get what you expected? Choose another document

No worries! You can instantly pick a different document that better fits what you're looking for.

Pay as you like, start learning right away

No subscription, no commitments. Pay the way you're used to via credit card and download your PDF document instantly.

Student with book image

“Bought, downloaded, and aced it. It really can be that simple.”

Alisha Student

Frequently asked questions