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Management · Q25

Operations Research or Qualitative Approach

Graduate and Post Graduate · Management · question 25

Q25

The operations Research technique, specially used to determine the optimum strategy is.

A.
Decision Theory
B.
Simulation
Answer
C.
Game Theory
D.
None of the above

Answer: Option B

Solution

Answer: Option B
Solution:
The operations Research technique, specially used to determine the optimum strategy is simulation. Operational analysis is used in the British (and some British Commonwealth) military as an intrinsic part of capability development, management and assurance. In particular, operational analysis forms part of the Combined Operational Effectiveness and Investment Appraisals, which support British defense capability acquisition decision-making.