What are the three types of inputs in decision models?
What will be an ideal response?
Decision models generally have three types of inputs:
• Data, which are assumed to be constant for purposes of the model.
• Uncontrollable variables, which are quantities that can change but cannot be directly controlled by the decision maker.
• Decision variables, which are controllable and can be selected at the discretion of the decision maker.
Business
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a. true b. false
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