MITS5509

Intelligent Systems for Analytics

Activity of Lesson - 9

Sep 2019
MITS5509 Activity 09

Review Questions

1. List and describe the major issues in modeling.

2. What are the major types of models used in DSS?

3. What are the current trends in modelling?

4. What are some of the design parameters for developing a neural network?

5. What is a decision variable?

6. List and briefly discuss the three major components of linear programming?

7. Explain the role of intermediate result variables.?

8. What is a spreadsheet??

9. Define what it means to perform decision making under assumed certainty, risk, and uncertainty.?

10. List and explain the characteristics of LP.?

11. Describe an allocation problem.

12. Define the product-mix problem.?

13. List some difficulties that may arise when analyzing multiple goals.?

14. What is a decision table?

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MITS5509 Activity 09

Practice Questions

1. List three lessons learned from modeling

2. Explain why a spreadsheet is so conducive to the development of DSS.?

3. List and explain the assumptions involved in LP.?

4. Explain why a manager might perform what-if analysis.?

5. Explain why a manager might use goal seeking.?

6. What is analytic hierarchy process?

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