Podcast
Questions and Answers
Which analytical techniques are best suited for unstructured problems?
Which analytical techniques are best suited for unstructured problems?
- Heuristic approaches (correct)
- Analytical techniques
- Simulation models
- Normative models
What are heuristic approaches typically used for?
What are heuristic approaches typically used for?
- Solving complex problems (correct)
- Solving simple problems
- Solving structured problems
- Solving normative problems
Do genetic algorithms guarantee an optimal solution to a problem?
Do genetic algorithms guarantee an optimal solution to a problem?
- No, they cannot guarantee any solution (correct)
- Yes
- No, they guarantee random solutions
- No, they guarantee suboptimal solutions
Which type of problem is a 'what-if' model most typically used for?
Which type of problem is a 'what-if' model most typically used for?
Is it desirable to use simulation models because they can usually be solved in one pass without iterations?
Is it desirable to use simulation models because they can usually be solved in one pass without iterations?
In the given text, which statement about discrete events and agent-based models is FALSE?
In the given text, which statement about discrete events and agent-based models is FALSE?
In steady-state plant control design, what type of simulation would be appropriate?
In steady-state plant control design, what type of simulation would be appropriate?
Based on the text, what can decision makers not do in a simulation?
Based on the text, what can decision makers not do in a simulation?
What is visual interactive simulation (VIS) according to the text?
What is visual interactive simulation (VIS) according to the text?
In which industry are visual interactive modeling (VIM) systems developed for 'thinking' characters?
In which industry are visual interactive modeling (VIM) systems developed for 'thinking' characters?
In the Canadian pandemic case study mentioned in the text, what did the macro-level simulation model?
In the Canadian pandemic case study mentioned in the text, what did the macro-level simulation model?
How does blind search differ from optimization according to the text?
How does blind search differ from optimization according to the text?
In modeling, how is an optimal solution understood?
In modeling, how is an optimal solution understood?
When is a complete enumeration of solutions used according to the text?
When is a complete enumeration of solutions used according to the text?
All of the following are true about heuristics EXCEPT according to the text:
All of the following are true about heuristics EXCEPT according to the text:
What kind of location-based analytics is real-time marketing promotion?
What kind of location-based analytics is real-time marketing promotion?
What type of location-based analytics does GPS Navigation exemplify?
What type of location-based analytics does GPS Navigation exemplify?
Which new geometric data type in Teradata's data warehouse captures geospatial features?
Which new geometric data type in Teradata's data warehouse captures geospatial features?
What is the system developed by Path Intelligence to ascertain how people move within a city or store called?
What is the system developed by Path Intelligence to ascertain how people move within a city or store called?
Which instrument, alongside an accelerometer, most smartphones are equipped with to measure jerk, orientation, and sense motion?
Which instrument, alongside an accelerometer, most smartphones are equipped with to measure jerk, orientation, and sense motion?
In content-based filtering, what type of detailed information about item characteristics is used to restrict the process to a single user?
In content-based filtering, what type of detailed information about item characteristics is used to restrict the process to a single user?
Which of the following is NOT a characteristic of service-oriented DSS?
Which of the following is NOT a characteristic of service-oriented DSS?
Which of the following is NOT a component in a service-oriented DSS environment?
Which of the following is NOT a component in a service-oriented DSS environment?
What is true about data-as-a-Service (DaaS) platforms?
What is true about data-as-a-Service (DaaS) platforms?
Which component of service-oriented DSS supports specific decision and analytical needs for business units?
Which component of service-oriented DSS supports specific decision and analytical needs for business units?
Which component of service-oriented DSS optimizes the DSS environment use by organizing its capabilities and knowledge into business processes?
Which component of service-oriented DSS optimizes the DSS environment use by organizing its capabilities and knowledge into business processes?
What component of service-oriented DSS describes the meaning and structure of business data, as well as how it is created, accessed, and used?
What component of service-oriented DSS describes the meaning and structure of business data, as well as how it is created, accessed, and used?
Which platform offers a flexible data integration based on service-oriented standards enabling ubiquitous access to any type of data?
Which platform offers a flexible data integration based on service-oriented standards enabling ubiquitous access to any type of data?
When new analytics applications affect multiple related processes and departments, the organization is best served by utilizing:
When new analytics applications affect multiple related processes and departments, the organization is best served by utilizing:
Research into managerial use of DSS and expert systems found all the following EXCEPT:
Research into managerial use of DSS and expert systems found all the following EXCEPT:
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Study Notes
Analytical Techniques
- Unstructured problems are best suited for heuristic approaches and simulation models
- Heuristic approaches are typically used for problems that cannot be solved using optimization techniques
Optimization Techniques
- Genetic algorithms do not guarantee an optimal solution to a problem
- Blind search differs from optimization in that it does not use heuristics or evaluation functions
- An optimal solution is understood as the best solution among all possible solutions
- Complete enumeration of solutions is used when the problem size is small
Simulation Models
- 'What-if' models are most typically used for scenario planning and predicting outcomes
- Simulation models are not desirable for problems that can be solved in one pass without iterations
- Steady-state plant control design uses steady-state simulation
- Decision makers cannot change the underlying dynamics of the system in a simulation
Advanced Modeling Techniques
- Discrete events and agent-based models are not suitable for modeling continuous systems
- Visual interactive simulation (VIS) is a modeling technique that allows users to interact with the simulation model
- Visual interactive modeling (VIM) systems are developed for 'thinking' characters in the entertainment industry
Case Study
- The Canadian pandemic case study used a macro-level simulation model to predict the spread of the pandemic
Location-Based Analytics
- Real-time marketing promotion is a type of location-based analytics
- GPS Navigation is an example of location-based analytics
- Teradata's data warehouse has a new geometric data type that captures geospatial features
- Path Intelligence's system is used to ascertain how people move within a city or store
Content-Based Filtering
- Content-based filtering uses detailed information about item characteristics to restrict the process to a single user
Service-Oriented DSS
- Service-oriented DSS is not characterized by a user interface
- The business process component of service-oriented DSS optimizes the DSS environment use by organizing its capabilities and knowledge into business processes
- Data-as-a-Service (DaaS) platforms are a type of service-oriented DSS
- The business data component of service-oriented DSS describes the meaning and structure of business data
- The SOA (Service-Oriented Architecture) platform offers a flexible data integration based on service-oriented standards enabling ubiquitous access to any type of data
Decision Support Systems
- When new analytics applications affect multiple related processes and departments, the organization is best served by utilizing an enterprise-wide approach
- Research into managerial use of DSS and expert systems found that decision makers do not use DSS to replace human judgment
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