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Operations Management > QiB > Flashcards

QiB Flashcards

1
Q

What is the main difference between the three strategic levels: strategic, tactical, operational?

A

The time frame

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2
Q

What does the Johnson Rule optimize?

A

Idle Time and Makespan

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3
Q

The EVPI is equal to

A
  • expected regret of the optimal decision under risk

- The expected payoff under perfect information minus the expected payoff under uncertainty

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Operations Management (4 decks)

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