The modeling process discussed in Practical Management Science is a
A)seven-step process
B)six-step process
C)five-step process
D)four-step process

Question

Quizplus · Accepted Answer

The modeling process discussed in Practical Management Science is a seven-step process, which includes problem definition, model construction, data collection and preparation, model solution, model verification and validation, implementation, and monitoring and update.

The Modeling Process Discussed in Practical Management Science Is a