Decision-Making Models Quiz
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Questions and Answers

What is another term for controllable input?

  • Optimal variable
  • Stochastic variable
  • Deterministic variable (correct)
  • Infeasible variable

    • In which model are all uncontrollable inputs known and cannot vary?

  • Stochastic (probabilistic) model
  • Optimal model
  • Infeasible model
  • Deterministic model (correct)

    • What is a model in which at least one uncontrollable input is uncertain and subject to variation?

  • Deterministic model
  • Infeasible model
  • Stochastic (probabilistic) model (correct)
  • Optimal model

    • What does the optimal solution refer to in a model?

    <p>The specific decision-variable value or values that provide the 'best' output for the model</p> Signup and view all the answers

    What is the term for a model in which all uncontrollable inputs are known and cannot vary?

    <p>Deterministic model</p> Signup and view all the answers

    Which term is synonymous with 'controllable input'?

    <p>Decision variable</p> Signup and view all the answers

    What does an infeasible solution refer to in the context of decision making?

    <p>A solution that does not satisfy one or more constraints</p> Signup and view all the answers

    In a stochastic model, what type of input is uncertain and subject to variation?

    <p>Uncontrollable input</p> Signup and view all the answers

    What is another term for controllable input?

    <p>Decision variable</p> Signup and view all the answers

    In a deterministic model, what is the characteristic of uncontrollable inputs?

    <p>They are known and cannot vary</p> Signup and view all the answers

    What is the specific decision-variable value that provides the 'best' output for the model?

    <p>Optimal solution</p> Signup and view all the answers

    What is a decision alternative or solution that does not satisfy one or more constraints called?

    <p>Infeasible solution</p> Signup and view all the answers

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