Ugba 104 excel midterm 1 - Study guides, Class notes & Summaries

decision analysis - ANSWER Definition: A technique used to develop an optimal strategy when a decision maker is faced with several decision alternatives and an uncertain set of future events. Internet of Things (IoT) - ANSWER Definition: The technology that allows data collected from sensors in all types of machines to be sent over the Internet to repositories where it can be stored and analyzed. optimization models - ANSWER Definition: A mathematical model that gives the best decision,...