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 (B)</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 (B)</p> Signup and view all the answers

Which term is synonymous with 'controllable input'?

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

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

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

What is another term for controllable input?

<p>Decision variable (D)</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 (D)</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 (C)</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 (A)</p> Signup and view all the answers

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