What decision criterion would be used by an optimistic decision maker solving a problem under conditions of uncertainty?
A) expected monetary value
B) equally likely
C) maximax
D) maximin
E) minimin
C
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_______________ communication is the ability to transmit messages through e-mail, Skype, videoconferencing, blogs, fax, instant messaging, texting and social networking.
a. Oral b. Nonverbal c. Written d. Electronic
When formulating a goal programming model, the decision maker will use decision variables similar to those used in regular linear or nonlinear programming models. In goal programming models, these variables are known as:
a. Functional variables. b. Deviational variables. c. Priority variables. d. Any of the above
As the annual demand increases, the EOQ also increases
Indicate whether the statement is true or false
Which is most true of an annual rate of 4% compounded quarterly?
A) It is equivalent to 4.4% paid annually. B) It is equivalent to 16.99% paid annually. C) It is equivalent to 1% simple interest paid quarterly D) It is equivalent to 4.06% paid annually.