SAINTLEO COM315 2020 January Module 1 Discussion Latest

Question # 00748865 Posted By: dr.tony Updated on: 01/14/2020 11:36 AM Due on: 01/14/2020
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COM315 Decision Support Systems

Module 1 Discussion

What is the difference between a deterministic variable versus a probabilistic variable?

What makes one model deterministic and another model probabilistic? Give examples.

Identify and discuss the steps in the decision modeling process. Give examples.

How do we use the information about machine capacity in Part A of Sample Problem 1-29?

What would the revenues be for part A and B in Problem 1-29? How did you calculate them?

What would the profits be for each machine in part C in Problem 1-29? How did you calculate them?

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