Decision-Making Models Quiz

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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?

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

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

Deterministic model Signup and view all the answers

Which term is synonymous with 'controllable input'?

Decision variable Signup and view all the answers

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

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

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

Uncontrollable input Signup and view all the answers

What is another term for controllable input?

Decision variable Signup and view all the answers

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

They are known and cannot vary Signup and view all the answers

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

Optimal solution Signup and view all the answers

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

Infeasible solution Signup and view all the answers

Decision-Making Models Quiz

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Questions and Answers

What is another term for controllable input?

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

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

What does the optimal solution refer to in a model?

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

Which term is synonymous with 'controllable input'?

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

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

What is another term for controllable input?

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

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

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

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