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Analytic Decision Models and Their Structure
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Analytic Decision Models and Their Structure

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Questions and Answers

What is the primary purpose of using an analytic model?

  • To add confusion to decision-making processes
  • To complicate decision-making processes
  • To simplify complex decision-making processes (correct)
  • To delay decision-making processes

    • Why is providing a figure to show model structure recommended?

  • To confuse the decision-making process
  • To make the model harder to understand
  • To distract from the model's actual purpose
  • To make the model easier to understand (correct)

    • What happens if a wrong analytic model is used for a specific type of decision?

  • It confuses the decision-making process (correct)
  • It simplifies the decision-making process
  • It delays the decision-making process
  • It has no impact on the decision-making process

    • What is the potential outcome of not using an analytic model for complex decisions?

    <p>Inaccurate decisions</p> Signup and view all the answers

    What is the purpose of reporting the dates of estimated resource quantities and unit costs?

    <p>To provide historical context for the estimates</p> Signup and view all the answers

    Why is it important to adjust estimated unit costs to the year of reported costs if necessary?

    <p>To make the costs comparable with other projects from different years</p> Signup and view all the answers

    What is the potential impact of not adjusting estimated unit costs to the year of reported costs?

    <p>Overstating the actual cost of the project</p> Signup and view all the answers

    What is the benefit of describing methods for adjusting estimated unit costs to the year of reported costs?

    <p>To provide transparency and accuracy in cost reporting</p> Signup and view all the answers

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