Benefit of using models in decision making

Assignment Help Operation Management
Reference no: EM131131709

Which of the following is not a benefit of using models in decision making?

A. They provide a standardized format for analyzing a problem.

B. They serve as a consistent tool for evaluation.

C. They are easy to use and less expensive than dealing with the actual situation.

D. All of the above are benefits.

E. None of the above is a benefit.

Reference no: EM131131709

Questions Cloud

Describe diagnostic criteria utilized to diagnose disorder : Please describe the diagnostic criteria utilized to diagnose this disorder. You can utilize the DSM-IV TR diagnostic criteria or the ICD-10 (International Classification of Diseases) diagnostic criteria.
What average force will stop it in 100 sec : An automobile has a mass of 1500 kg and us moving at a speed of 100 km/h.
Determine the effectiveness of a policy : A study that uses data in a formal econometric analysis to test a theory, estimate a relationship, or determine the effectiveness of a policy is called
How is the value of bond determined : How is the value of bond determined? What is the value of a 10year , $1000 par value bond with a 10 percent annual coupon rate
Benefit of using models in decision making : Which of the following is not a benefit of using models in decision making?
Individual system analysis - internet shopping site : Purpose of the individual system analysis and design project is to demonstrate students ability to apply the knowledge learned in this course to a real-world project - Internet shopping sites
What is the magnitude of surplus labor : According to the Lewis model, what is the magnitude of surplus labor? Do the producers in this sector make their decisions on the basis of profit maximization
For diversification to enhance firm performance : For diversification to enhance firm performance it must do at least one of the following: provide economic of scale, exploit economic of scale or reduce costs while increase value Which mechanism does Disney, an example of related-linked diversificat..
How facial recognition technology be used in retail settings : How can facial recognition technology be used in retail settings? Who could benefit? Why are retailers reluctant to reveal that they are using facial recognition technologies and collecting biometric data about customers?

Reviews

Write a Review

Operation Management Questions & Answers

  Define a strategic advantage to japanese auto suppliers

Be sure to identify areas that provide a strategic advantage to Japanese auto suppliers, and those that provide a competitive threat that competitors may be able to exploit.

  Differentiate between countries and existence of segments

When entering a market, businesses must be able to differentiate between the countries and the existence of segments that transcend national borders. What is an example of a segment in the United States that transcends our borders? What are the chara..

  Discuss cleaning schedule

Discuss a cleaning schedule you would implement for Food Prep Worktables . Also identify who would be the most appropriate type of employee for the task (busser, server, manager, cook, hostess). Most food service establishments do not have dedicated ..

  Explain the principal theories and the various approaches

Explain the principal theories and the various approaches to management that have evolved over time and their application to current management situations.

  Engrossed in the movie she ate enough glass to cause severe

jana dart a citizen of california was attending the premier showing of the movie titanic at the yoda four--po theatres

  How fast does the company turn its inventory

Assuming that units in inventory are valued (based on COGS) at $500 per unit and are sold at $800, how fast does the company turn its inventory?

  Practices of global operations management

The objective of this discussion is to aid you in mastering the following course competencies: Apply theories, models, and practices of global operations management to address business problems.

  Display the sensitivity and relative performance of the test

The graph of beta as a function of the parameter under H0 is called an Operating Characteristic (OC) curve in the field of quality control (QC). These curves are used extensively in industrial applications of hypothesis testing to display the sensiti..

  A team of fellow project managers within your organization

You have been asked to prepare an informational session for your text project management team meeting. In a Power Point presentationdesigned for a team of fellow project managers within your organization, you will define and critique each of the five..

  Define code of business conduct

Define “code of business conduct”. Discuss businesses should concern themselves with developing a code of business conduct? If so, what variables should be included? If not, how would the business ensure that their employees were following ethical bu..

  Strategic management of health care organizations

From the book "Strategic Management of Health Care Organizations, 6th or 7th Ed, Swayne, Duncan, Ginter (Jossey Bass)" Base upon you reading from the text, submit a two paragraph description of the Product Life Cycle. Define and explain the product l..

  Assignment on widgecorp''s national sales

Prepare a presentation of 5-6 slides of your major findings. You may group a category of data from the Total United States and zip code 60614, and create a graph to show how they differ. The presentation should have at least one graph and a headli..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd