BUS 461 Week 1 Quiz

BUS 461 Week 1 Quiz

1. Question : In management science problems, algorithms are:

Student Answer: very complex, thus rarely used.

used in optimization but not in heuristics.

employed in heuristics as well as optimization.

substitutes for computer-based solution techniques.

1. Question : Which Excel data analysis tool returns the p-value for the F-test?

Regression.

Exponential Smoothing.

ANOVA.

1. Question : Variable constraints may not include:

boundary (upper or lower) constraints.

integer constraints.

resource constraints.

1. Question : Constrained mathematical models do not contain:

non-negativity requirements.

management preferences.

boundary restrictions.

1. Question : Which name is most commonly associated with Game Theory?

1. K. Erlang

Jon von Neuman

Karmarkar

1. Question : Management science applications do not include:

queuing.

decision analysis.

internet programming.

1. Question : Once a mathematical model is complete, you cannot change the problem definition.

False

1. Question : The management science team should make certain that management
is sure of its objective before developing and solving a model.

False

1. Question : Mathematical modeling is a process that translates observed or desired phenomena into mathematical expression.

True

False

1. Question : Decision variable definition need not include:

specific units of measure.

the time frame involved.

variable names.

integer requirements, if any.

BUS 461 Week 1 DQ 2 Defining the Problem
BUS 461 Week 3 DQ 2 Project Scheduling Techniques
BUS 461 Week 4 Quiz
BUS 461 Week 3 Quiz
BUS 461 Week 1 Quiz
BUS 461 Week 5 DQ 1 Queuing Models
BUS 461 Week 2 Quiz
BUS 461 Week 1 Problems
BUS 461 Week 3 DQ 1 PERT CPM
BUS 461 Entire Course Decision Modeling and Analysis
BUS 461 Week 2 Assignment Writing a Business Report Memo
BUS 461 Week 4 DQ 1 Decision Analysis
BUS 461 Week 5 Final Paper
BUS 461 Week 1 DQ 1 The Management Science Process
BUS 461 Week 2 DQ 1 Agriculture Problem
BUS 461 Week 4 DQ 2 Forecasting Approaches
BUS 461 Week 5 DQ 2 Simulation Models