Dsimgts exam 2023 - Study guides, Class notes & Summaries

DSIMGTS Exam (2023) || Questions & Answers (100% Correct) DSIMGTS Exam (2023) || Questions & Answers (100% Correct) What is Management Science? - ANSWER - A discipline that aids managerial decision making through applying scientific approach to managerial problems that require quantitative factors. Scientific Method Steps? - ANSWER - 1. Define the problem and gather data 2. Formulate a model 3. Develop a computer based procedure to derive solutions for the problem 4. Test the model and...

DSIMGTS Exam (2023/24) || All Questions & Answers (100% Verified) DSIMGTS Exam (2023/24) || All Questions & Answers (100% Verified) What-if analysis - ANSWER - it involves addressing some questions about whatwould happen to Page 152the optimal solution if different assumptions were made about future conditions Parameters of the model - ANSWER - the numbers that should go into the data cells for the spreadsheet formulation of the linear programming model Benefit of What-if analysis - AN...