Which of the following is a formal decision model that uses techniques of regression analysis of past production decisions and is also based on managerial performance and experience?
A)linear decision rule
B)linear programming
C)simulation
D)management coefficients model

Question

Quizplus · Accepted Answer

The management coefficients model is a formal decision model that uses regression analysis of past production decisions and is based on managerial performance and experience. Linear decision rule is a simpler decision-making tool that uses a set of linear equations to make decisions, while linear programming and simulation are more complex decision models.

Which of the Following Is a Formal Decision Model That