Decision Support and Business Intelligence Systems Chapter 4 Quiz
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Questions and Answers

What is the main focus of Chapter 4 in the Decision Support and Business Intelligence Systems book?

  • Exploring the history of decision support systems
  • Discussing the impact of technology on modern businesses
  • Analyzing the marketing strategies of multinational corporations
  • Understanding the basic concepts of management support system (MSS) modeling (correct)

    • Which type of analysis does Chapter 4 describe in the Decision Support and Business Intelligence Systems book?

  • Demographic analysis and trend prediction
  • Cost-benefit analysis and financial forecasting
  • Market analysis and consumer behavior
  • Sensitivity analysis, what-if analysis, and goal seeking (correct)

    • What does the opening vignette in Chapter 4 focus on?

  • Innovation in the Chilean food industry
  • The challenges faced by the Chilean agricultural sector
  • The impact of globalization on food consumption
  • Model-Based Auctions Serving More Lunches in Chile (correct)

    • What is the primary purpose of MSS models interacting with data and users as described in Chapter 4?

    <p>To provide decision support for management</p> Signup and view all the answers

    Which concept does Chapter 4 explain as a method for solving MSS models?

    <p>Optimization, simulation, and heuristics</p> Signup and view all the answers

    What is one of the well-known model classes described in Chapter 4?

    <p>Linear programming model</p> Signup and view all the answers

    What is the key element in most MSS?

    <p>Modeling</p> Signup and view all the answers

    What does dynamic analysis in decision making evaluate?

    <p>Trends and patterns over time</p> Signup and view all the answers

    Which company uses several DSS models collectively to support strategic decisions?

    <p>Procter &amp; Gamble</p> Signup and view all the answers

    What is the purpose of treating certainty, uncertainty, and risk in modeling for MSS?

    <p>Forecasting/predicting</p> Signup and view all the answers

    What technique aims to find a good enough solution using 'commonsense' rules?

    <p>Heuristics</p> Signup and view all the answers

    Which type of models aims to find the best solution in one step using a formula?

    <p>Optimization via analytic formula</p> Signup and view all the answers

    What represents scenarios that change over time and is more realistic than static models?

    <p>Dynamic models</p> Signup and view all the answers

    What aims to find the best solution from a large number of alternatives using a step-by-step process?

    <p>Optimization via algorithm</p> Signup and view all the answers

    What aims to find a good enough solution by experimenting with a dynamic model of the system?

    <p>Simulation</p> Signup and view all the answers

    Linear programming models aim to find the best solution in one step using a formula.

    <p>False</p> Signup and view all the answers

    Search methods are used to solve MSS models without any differences among algorithms, blind search, and heuristics.

    <p>False</p> Signup and view all the answers

    Spreadsheets cannot be used for MSS modeling and solution as described in Chapter 4.

    <p>False</p> Signup and view all the answers

    Static analysis provides a single snapshot of the situation over multiple intervals. (True/False)

    <p>False</p> Signup and view all the answers

    Dynamic models represent trends and patterns over time, making them less realistic than static models. (True/False)

    <p>False</p> Signup and view all the answers

    Decision analysis of a few alternatives can be performed using decision tables and decision trees. (True/False)

    <p>True</p> Signup and view all the answers

    Optimization via mathematical programming always involves finding the best solution in one step using a formula. (True/False)

    <p>False</p> Signup and view all the answers

    Heuristic programming aims to find a good enough solution by following strict, predefined rules. (True/False)

    <p>True</p> Signup and view all the answers

    DuPont simulates the Rail Transportation System to increase revenue by incurring capital expenses. (True/False)

    <p>False</p> Signup and view all the answers

    Fiat and Pillowtex focus on operational efficiency using MSS modeling. (True/False)

    <p>True</p> Signup and view all the answers

    Multiple models in a MSS can each represent a different part of the decision-making problem. (True/False)

    <p>True</p> Signup and view all the answers

    Static analysis evaluates scenarios that change over time and are time-dependent. (True/False)

    <p>False</p> Signup and view all the answers

    MSS modeling leads to increased cost but reduced revenue. (True/False)

    <p>False</p> Signup and view all the answers

    What is the primary purpose of influence diagrams in MSS modeling?

    <p>To visually communicate model relationships</p> Signup and view all the answers

    What type of analysis evaluates scenarios that change over time and represents trends and patterns?

    <p>Dynamic analysis</p> Signup and view all the answers

    What category of models aims to find the best solution from a small number of alternatives?

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

    Which type of models aims to find the best solution in one step using a formula?

    <p>inventory models</p> Signup and view all the answers

    What is the purpose of treating certainty, uncertainty, and risk in modeling for MSS?

    <p>To assess and manage the level of uncertainty and risk</p> Signup and view all the answers

    What is the goal of goal-seeking analysis?

    <p>To determine the values of inputs needed to achieve a goal</p> Signup and view all the answers

    What is the key element in most MSS as mentioned in the text?

    <p>Modeling</p> Signup and view all the answers

    In heuristic programming, what is the purpose of cuts in the search space?

    <p>To get satisfactory solutions more quickly and less expensively</p> Signup and view all the answers

    What technique aims to find a good enough solution using 'commonsense' rules?

    <p>Heuristic programming</p> Signup and view all the answers

    When is heuristic programming used?

    <p>All of the above</p> Signup and view all the answers

    What is the primary objective of static analysis as described in the text?

    <p>To provide a single snapshot of the situation over single intervals</p> Signup and view all the answers

    What is the traveling salesman problem?

    <p>A problem where a salesman must visit customers in several cities, visiting each city only once, across the country</p> Signup and view all the answers

    'DecisionPro' by Vanguard Software Co. supports which type of graphical representation for MSS models?

    <p>'Hierarchical' diagrams</p> Signup and view all the answers

    What are the major characteristics of simulation?

    <p>Imitates reality and captures its richness</p> Signup and view all the answers

    Which company uses several DSS models collectively to support strategic decisions as mentioned in the text?

    <p>Procter &amp; Gamble</p> Signup and view all the answers

    What are the advantages of simulation?

    <p>Produces important performance measures</p> Signup and view all the answers

    What represents one of the limitations of simulation?

    <p>Can guarantee an optimal solution</p> Signup and view all the answers

    What is the main focus of Chapter 4 in the Decision Support and Business Intelligence Systems book?

    <p>Understanding the basic concepts of management support system (MSS) modeling</p> Signup and view all the answers

    What is the purpose of treating certainty, uncertainty, and risk in modeling for MSS?

    <p>To ensure that decision-makers consider all possible outcomes</p> Signup and view all the answers

    What represents scenarios that change over time and is more realistic than static models?

    <p>Dynamic analysis</p> Signup and view all the answers

    What does the opening vignette in Chapter 4 focus on?

    <p>Model-Based Auctions in Chile</p> Signup and view all the answers

    What is one of the well-known model classes described in Chapter 4?

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

    Which type of analysis does Chapter 4 describe in the Decision Support and Business Intelligence Systems book?

    <p>Sensitivity analysis</p> Signup and view all the answers

    What aims to find a good enough solution by experimenting with a dynamic model of the system?

    <p>Heuristic programming</p> Signup and view all the answers

    What represents the key element in most MSS?

    <p>Interaction with data and users</p> Signup and view all the answers

    Fiat and Pillowtex focus on operational efficiency using MSS modeling. (True/False)

    <p>True</p> Signup and view all the answers

    Spreadsheets cannot be used for MSS modeling and solution as described in Chapter 4. (True/False)

    <p>False</p> Signup and view all the answers

    What is the main advantage of using a spreadsheet for modeling in MSS?

    <p>Seamless integration with databases</p> Signup and view all the answers

    What is the primary feature of a dynamic model in MSS?

    <p>Capability to represent trends and patterns over time</p> Signup and view all the answers

    What is the purpose of decision tables in MSS modeling?

    <p>To simplify complex relationships</p> Signup and view all the answers

    What does the 'optimistic approach' aim to achieve in decision analysis?

    <p>Maximize expected values</p> Signup and view all the answers

    Which method is used to solve managerial problems involving resource allocation in MSS?

    <p>Linear programming</p> Signup and view all the answers

    What are the characteristics of a linear programming (LP) problem?

    <p>Linear relationships and limited resources with restrictions</p> Signup and view all the answers

    How are linear programming steps represented in the model?

    <p>Inputting data into specific cells in Excel or LINDO software</p> Signup and view all the answers

    What is the objective of the Product-Mix Linear Programming Model?

    <p>Maximize total profit per month</p> Signup and view all the answers

    What does the 'Pessimistic approach' aim to achieve in decision analysis?

    <p>Minimize expected values</p> Signup and view all the answers

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