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Bautista QuanTech Answers

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bluenise15
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Questionnaire for Quantitative Techniques

in Decision Making

Submitted to:
Engr. Remigio Basbas
Faculty of the Graduate School
Philippine Christian University
Dasmariňas City Campus

In Partial Fulfilment of the Requirements in


Quantitative Techniques in Decision Making
For the Master’s Degree in
Public Administration

Submitted by:
Danise Janica C. Bautista

24 October 2017
Quantitative Techniques in Decision Making (Answers)

FILL IN THE BLANKS.

1. Data used in the model is referred to as input data.

 Output
 Entry
 Inflow
 Upstream
 Input

2. Quantitative analysis uses a (n) scientific approach to decision making.

 qualitative
 Scientific
 Intuitive
 Common sense
 judgmental

3. Solver is a powerful Excel add-in optimization technique that can maximize a quantity given a
set of constraints.

 Solver
 Scenario Manager
 Macros
 Pivot table
 MaxSolve

4. In quantitative analysis, defining the problem can be the most important step.

 Developing the model


 Defining the problem
 Acquiring input data
 Selecting a model
 Running the model

5. Some types of models include: physical, scale, schematic and mathematical models.

 Physiological, intuitive, qualitative, judgmental


 Physical, logical, paper, psychological
 Typical, rational, logical, qualitative
 Metric, quadratic, exponential, logical
 Physical, scale, schematic, mathematical

6. The improper data can produce misleading results is implied by the statement: garbage in,
garbage out.

 Sensitivity analysis is necessary


 What goes around comes around
 Garbage in, garbage out
 What you see is what you get
 Data integrity does not matter

7. Sensitivity analysis determines how the solutions will change with a different model or
different input data.

 Output analysis
 Testing
 Variation analysis
 Sensitivity analysis
 Impact analysis

8. Accuracy of the output is determined by the accuracy of the model and the input data.

 Interpretation by the decision maker, cost of the effort


 Model, input data
 Result data, software used
 Test, graph
 Judgment, intuition

9. A model can be used to help the decision maker identify which variables and relationships
are most critical.

 Most critical
 Most accurate
 Correlated
 Linear
 Normalized
10. A Deterministic model assumes all values in the model are known with complete certainty.

 Deterministic
 Probabilistic
 Wish-come-true
 True
 Realistic

11. Models that involve chance or risk are called Probabilistic models.

 Unfortunate
 Probabilistic
 Unrealistic
 Risky
 Chance

MULTIPLE CHOICE

1. Which of the following does NOT represent one of the advantages of mathematical
modelling?

 A model can be used to communicate problems and solutions to others.


 Models can help a decision maker formulate problems.
 Models can provide insight and information.
 A model can solve complex problems in a timely fashion.
 None of the above

2. Which of the following is a qualitative factor rather than a quantitative factor?

 Weekly sales for a company


 New legislation
 Total production cost
 Gross national product
 All of the above

3. Post-optimality analysis is most closely associated with

 Collecting input data


 Developing a model
 Sensitivity analysis
 Writing a computer program
 None of the above

4. Excel is an example of

 A spreadsheet
 An expert system
 A database
 Artificial intelligence
 None of the above

5. Which of the following would explain why some people would resist changes in operations
based on quantitative analysis?

 It might reduce the power of decision makers.


 It might expose previous decisions as being inadequate.
 Managers often prefer to see things done quickly.
 All of the above
 None of the above

6. All of the following are potential roadblocks that arise in the problem definition phase

EXCEPT:

 Validity of the data


 Conflicting viewpoints
 Impact of other departments
 Solution is outdated
 None of the above

7. A controllable variable is also called a

 Parameter
 Decision variable
 Mathematical model
 Measurable quantity
 None of the above
8. Evaluating all possible values of a variable in a model is called

 Trial and error


 Complete enumeration
 An algorithm
 Variablization
 None of the above

9. Most of the models discussed in this book are

 Schematic
 Scale models
 Physical models
 Mathematical models
 None of the above

10. Once a solution has been implemented, it is usually recommended to

 Adhere to it for life


 Impose it on all managers and departments
 Closely monitor it for any change in environmental factors and assumptions of the initial
 model
 Immediately throw it and come up with some other way
 None of the above

TRUE OR FALSE

1. Sensitivity analysis help us estimate the effect of known and unknown errors in our model.

 True
 False

2. In solving a problem, only quantitative factors must be considered.

 True
 False
3. Unfortunately, quantitative models can be applied only to the solution of relatively simple
problems.

 True
 False

4. Data used in the models is referred to as input data.

 True
 False

5. One problem in using a quantitative model is that it may be difficult to collect the
appropriate input data.

 True
 False

6. The first step in the quantitative analysis approach is to develop a model.

 True
 False

7. The quantitative analysis approach is iterative; e.g., we may, after developing a model, have
to return and redefine the problem.

 True
 False

8. After analyzing the results of the model, we must test the data.

 True
 False

9. The quantitative analysis process ends once the solution is implemented.

 True
 False

10. A model can be used for communication as well as for analysis.

 True
 False
11. What distinguishes quantitative analysis from other techniques is the fact that the models
that are used are mathematical.

 True
 False

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