Question
If the demand is 100 during October 2016, 200 in
November 2016, 300 in December 2016, 400 in January 2017. What is the 3-month simple moving average for February 2017?Solution
X`= (xt-3 + xt-2 + xt-1 ) /3 (200+300+400)/ 3 = 900/3 =300
A decision taken in response to a problem that has already taken place, is known as _____________
What is a potential drawback of relying solely on intuition when identifying possible solutions?
Which of the following correctly defines decision making?
Which of the following is not a disadvantage of group decision making?
The pre-dispositioning theory of decision making was given by ___________
The Delphi technique of decision making was developed by _________
Which of the following is not a group decision making technique?
Which of the following best describes the normative model of decision making?
SWOT analysis is done by managers to help evaluate various options and make a decision. What does O in SWOT stand for?
What types of a decision is one that is made before the occurrence of an external or internal change?
