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Management · Q38

Operations Research or Qualitative Approach

Graduate and Post Graduate · Management · question 38

Q38

The issue of decision models.

A.
Is possible when the variable’s value is
B.
Reduces the scope of judgment and intuition known with certainty in decision making
C.
Requires the knowledge of computer software use
D.
None of the above
Answer

Answer: Option D

Solution

Answer: Option D
Solution:
The aim is to achieve the best balance between the cost of the resources and the quality of service it provides. In practice, this aim will need to be defined for each situation and will most likely be to achieve the lowest resource cost for a desired response and work quality.