WorksheetsOperational Research
Total questions: 9
Worksheet time: 5mins
In analyzing a problem, you should normally study
the qualitative aspects
the quantitative aspects
both answers above
neither of the above
Quantitative analysis is
a logical approach to decision making
a rational approach to decision making
a scientific approach to decision making
all of the above
Qualitative factors
are less important than quantitative approach
are difficult or impossible to quantify
all of the above
none of the above
An input (such as variable cost per unit or fixed cost) for a model is an example of
decision variable
parameter
algorithm
stochastic variable
The point at which the total revenue equals total cost is called the
zero-profit solution
optimal-profit point
break-even point
fixed-cost solution
The first step in a quantitative analysis approach will require
acquiring input data
defining the problem
producing a scale model
defining break-even point
Sensitivity analysis is most often associated with which step of quantitative analysis approach?
analyzing the results
implementing the results
defining a problem
acquiring input data
A deterministic model is one in which
there is some uncertainty about the parameters used in the model
there is a measurable outcome
all parameters used in the model are known with complete certainty
there is no available computer software
Decision variables are
controllable
uncontrollable
parameters
constant numerical values associated with any complex problem
