Chapter 8.5 Decision Modeling with Spreadsheets

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Spreadsheets were quickly recognized as difficult-to-use implementation software for a wide range of applications in business, engineering, mathematics, and science. (True/False)

False

Add-ins were not developed for structuring and solving specific model classes in spreadsheet packages. (True/False)

False

Solver and What’sBest are add-in packages developed for DSS development. (True/False)

True

Braincel and NeuralTools are add-ins for linear and nonlinear optimization. (True/False)

False Signup and view all the answers

Evolver is an add-in for performing simulation studies. (True/False)

True Signup and view all the answers

@RISK is an add-in developed by Palisade Corp. for artificial neural networks. (True/False)

False Signup and view all the answers

The spreadsheet is the most popular end-user modeling tool due to its incorporation of many powerful functions.

True Signup and view all the answers

Spreadsheets can only perform basic tasks and are not capable of model solution tasks such as linear programming and regression analysis.

False Signup and view all the answers

Goal seeking in a spreadsheet involves indicating a target cell, its desired value, and a changing cell.

True Signup and view all the answers

Microsoft Excel is not the most popular spreadsheet package.

False Signup and view all the answers

Static and dynamic models can both be built in a spreadsheet.

True Signup and view all the answers

Risk analysis cannot be incorporated into spreadsheets.

False Signup and view all the answers

The loan calculations in the spreadsheet shown in Figure 8.4 indicate the effect of prepayment on the principal over time.

True Signup and view all the answers

Spreadsheet applications for models are not reported regularly.

False Signup and view all the answers

Mathematical programming optimization is not related to spreadsheets.

False Signup and view all the answers

OLAP systems do not have similarities with advanced spreadsheet software after the data are loaded.

False Signup and view all the answers

What are the primary focus of the models discussed in the text?

Prescriptive analytics Signup and view all the answers

Which company developed the add-in What’sBest for DSS development?

Lindo Systems, Inc. Signup and view all the answers

What is the primary purpose of the add-in named @RISK?

Simulation studies Signup and view all the answers

What type of models can be developed using spreadsheet packages according to the text?

Prescriptive analytics, statistical, and forecasting models Signup and view all the answers

Which add-in is specifically mentioned for artificial neural networks?

NeuralTools Signup and view all the answers

What type of optimization technique is the add-in Evolver specifically developed for?

Genetic algorithms Signup and view all the answers

What is the primary reason for the popularity of spreadsheets as an end-user modeling tool?

Their incorporation of powerful financial, statistical, and mathematical functions Signup and view all the answers

What type of models can be developed using spreadsheet packages according to the text?

Both static and dynamic models Signup and view all the answers

What are the primary focus of the models discussed in the text?

Behavior over time and performance replication Signup and view all the answers

What type of optimization technique is the add-in Evolver specifically developed for?

Genetic algorithms Signup and view all the answers

@RISK is an add-in developed by Palisade Corp. for what purpose?

Risk analysis and simulation modeling Signup and view all the answers

Which company developed the add-in What’sBest for DSS development?

Lindo Systems Signup and view all the answers

Which add-in is specifically mentioned for artificial neural networks?

@RISK Signup and view all the answers

What is the primary purpose of Braincel and NeuralTools, according to the text?

Linear and nonlinear optimization Signup and view all the answers

Are spreadsheets recognized as difficult-to-use implementation software for a wide range of applications in business, engineering, mathematics, and science?

False Signup and view all the answers

Do spreadsheet applications for models get reported regularly?

Yes Signup and view all the answers

Chapter 8.5 Decision Modeling with Spreadsheets

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Questions and Answers

Spreadsheets were quickly recognized as difficult-to-use implementation software for a wide range of applications in business, engineering, mathematics, and science. (True/False)

Add-ins were not developed for structuring and solving specific model classes in spreadsheet packages. (True/False)

Solver and What’sBest are add-in packages developed for DSS development. (True/False)

Braincel and NeuralTools are add-ins for linear and nonlinear optimization. (True/False)

Evolver is an add-in for performing simulation studies. (True/False)

@RISK is an add-in developed by Palisade Corp. for artificial neural networks. (True/False)

The spreadsheet is the most popular end-user modeling tool due to its incorporation of many powerful functions.

Spreadsheets can only perform basic tasks and are not capable of model solution tasks such as linear programming and regression analysis.

Goal seeking in a spreadsheet involves indicating a target cell, its desired value, and a changing cell.

Microsoft Excel is not the most popular spreadsheet package.

Static and dynamic models can both be built in a spreadsheet.

Risk analysis cannot be incorporated into spreadsheets.

The loan calculations in the spreadsheet shown in Figure 8.4 indicate the effect of prepayment on the principal over time.

Spreadsheet applications for models are not reported regularly.

Mathematical programming optimization is not related to spreadsheets.

OLAP systems do not have similarities with advanced spreadsheet software after the data are loaded.

What are the primary focus of the models discussed in the text?

Which company developed the add-in What’sBest for DSS development?

What is the primary purpose of the add-in named @RISK?

What type of models can be developed using spreadsheet packages according to the text?

Which add-in is specifically mentioned for artificial neural networks?

What type of optimization technique is the add-in Evolver specifically developed for?

What is the primary reason for the popularity of spreadsheets as an end-user modeling tool?

What type of models can be developed using spreadsheet packages according to the text?

What are the primary focus of the models discussed in the text?

What type of optimization technique is the add-in Evolver specifically developed for?

@RISK is an add-in developed by Palisade Corp. for what purpose?

Which company developed the add-in What’sBest for DSS development?

Which add-in is specifically mentioned for artificial neural networks?

What is the primary purpose of Braincel and NeuralTools, according to the text?

Are spreadsheets recognized as difficult-to-use implementation software for a wide range of applications in business, engineering, mathematics, and science?

Do spreadsheet applications for models get reported regularly?

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