1. Fecision theory: used for solving allocation and investment problems.
2. Forecasting: used to forecast the outcome of managerial decisions.
3. Game theory: it provides systematic approach to decision making in competitive environments and framework for the study of conflicts.
4. Mathematical programming : it attempts to maximize the maximum level of a goal subject to set of requirements and limitations.
5. Heuristic programming: uses qualitative decision rules to facilitate the solution of complex problems.
Jonmhumble answered the question on October 23, 2017 at 10:46
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Required to provide five limitations.
Date posted:
October 23, 2017
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Outline the benefits of operation research
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October 23, 2017
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October 22, 2017
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October 22, 2017
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October 22, 2017
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Date posted:
October 22, 2017
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October 22, 2017
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October 22, 2017
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October 21, 2017
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Outline the problems associated with output approach as a way of measuring national income
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October 21, 2017
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(Solved)
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Date posted:
October 21, 2017
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(Solved)
State and explain the factors that causes changes in interest rates in an economy?
Date posted:
October 20, 2017
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(Solved)
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October 20, 2017
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October 20, 2017
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October 20, 2017
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What challenges is the government of Kenya facing currently pertaining unprecedented economy?
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October 19, 2017
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Required to provide 5 advantages well explained
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October 18, 2017
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Give 5 well explained poins
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October 18, 2017
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