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Management · Q96

Operations Research or Qualitative Approach

Graduate and Post Graduate · Management · question 96

Q96

Operations Research uses models to help the management to determine its ___________ scientifically.

A.
Policies
B.
Actions
C.
Both A and B
Answer
D.
None of the above

Answer: Option C

Solution

Answer: Option C
Solution:
Operations Research uses models to help the management to determine its policies and actions scientifically. It uses various scientific research-based principles, strategies, and analytical methods including mathematical modeling, statistics and numerical algorithms to improve an organization's ability to enact rational and meaningful management decisions by arriving at optimal or near optimal solutions.