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Describe the types of decisions

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1. Describe the types of decisions that do not involve uncertainty and risk and common approaches used for analyzing them.

2. Explain how payback period, NPV, and IRR criteria are used in decision making.

3. Explain the components of a decision tree and how optimal decisions are computed.

4. Describe the three elements that all queuing systems have in common

5. List and define the major types of performance measures used in queuing analysis.

Reference no: EM131235393

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