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Management Science Models are developed using principles of:

Operations Research (OR) models are primarily based on:

DSS Models

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1
Operations Research (OR) models are primarily based on:
Literary analysis
Psychological behavior
Visual representation
Mathematical modeling
2
Management Science Models are developed using principles of:
Business Management, Accounting, and Econometrics
Physics and chemistry
Artificial Intelligence
Philosophy and Literature
3
ABC analysis is most often used in:
Financial accounting
Customer behaviour management
Scheduling Algorithm
Inventory Management
4
A regression model helps in:
Calculating inventory cost
Managing employee schedules
Finding relationships between variables
Forecasting market trends
5
DSS helps decision-makers by:
Making all decisions autonomously
Automating routine tasks
Providing data, tools, and models to support decision-making
Eliminating human involvement
6
Which of the following is not a type of model used in Decision Support Systems (DSS)?
Operations Research Models
Management Science Models
Structural Engineering Models
Behavioral Models
7
One advantage of DSS is:
It sensitizes decision-making and assesses business performance
It removes the need for any human input
It always provides the final decision
It replaces upper-level management
8
Which of the following is an example of a Management Science Model?
ABC analysis
Matrix algebra
Regression analysis
Genetic algorithm
9
Which method is not typically used in Operations Research Models?
Probability
Matrix algebra
Set theory
Trend setting
10
Behavioral models are mainly used to:
Solve algebraic equations
Understand relationships between business variables
Control transportation cost
Maximize production efficiency