Introduction to management science A1

Question 1

What are assigenemnt problems

Answer 1

The task of assigning assets, resources or people to a task while minimizing adverse effects like the cost.

Question 2

What is data mining

Answer 2

The collection of large amounts of useful data

Question 3

Explain the MS aproach

Answer 3

Problem recognition-> structuring & definition -> modeling &analysis -> solutions and recommendations -> implementation -> ptoblem recognition and the cycle continues

Question 4

How can you make management more enthusiastic about implementing solutions to the problems

Answer 4

By including them in the identification and solving process

Question 5

What are ivonic models

Answer 5

Physical replicas of real things

Question 6

What are mathematical models

Answer 6

Formulas that represent a relationship

Question 7

What is linear programming

Answer 7

Calculating the optimal solution in a constrained scenario in a series of steps