What happened to the development of decision modeling

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Problem

1. Why is it important to have an iterative process between the steps of the decision modeling approach?

2. Briefly trace the history of decision modeling. What happened to the development of decision modeling during World War II?

3. What different types of models are mentioned in this chapter? Give examples of each.

4. List some sources of input data.

5. Define decision variable . Give some examples of variables in a decision model.

Reference no: EM131923602

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