Omis 327 exam 1 - Study guides, Class notes & Summaries

OMIS 327 Exam 1 Question and answers already passed Last document update:   ago

OMIS 327 Exam 1 Question and answers already passed OMIS 327 Exam 1 Descriptive Analytics - correct answer the study and consolidation of historical data Predictive Analytics - correct answer forecasting future outcomes based on patterns in the past data Prescriptive Analytics - correct answer the use of optimization methods Deterministic Model - correct answer A mathematical model that does not involve rick or chance; all values are know with complete certainty Probabili...

OMIS 327 Exam 3 Questions And Answers With Verified Study Set Last document update:   ago

OMIS 327 Exam 3 Questions And Answers With Verified Study Set Service facilities are evaluated on? ANS Total Expected cost which is the sum of service costs and waiting costs. 3 Parts of Queuing System ANS 1. Arrivals or inputs in the system (sometime referred to as the calling population) 2. The queue or waiting line itself. 3. The service facility Arrival Characteristics ANS 1. Size of the arriving population. Unlimited or limited 2. Pattern of arrivals Arrive accordi...