Maslow's Needs Hierarchy Theory was dismissed by experts more than three decades ago,
yet Maslow's writing has had a lasting and valuable effect by advocating a more holistic
and humanistic approach to human motivation. Discuss these two approaches and po
(1-5) Briefly trace the history of quantitative analysis. What happened to the development of
quantitative analysis during World War II?
Ans: The existence of quantitative analysis is since the beginning of recorded history. It was
Frederick W. Taylor who
_A_ 1. A widely used mathematical programming technique designed to help managers
and decision making relative to resource allocation is called
A) linear programming.
B) computer programming.
C) constraint programming.
D) goal programming.
E) None of the
Place the correct letter in the blank to the left of the question
_B_ 1. The random error in a regression equation
A) is the predicted error.
B) includes both positive and negative terms.
C) will sum to a large positive number.
D) is used to estimate the
_D_ 1. The critical path of a network is the
A) shortest time path through the network.
B) path with the fewest activities.
C) path with the most activities.
D) longest time path through the network.
E) None of the above
_C_ 2. In a PERT network, the earl
_D_ 1. Which of the following does not represent a factor a manager might typically
consider when employing linear programming for a production scheduling?
A) labor capacity
B) space limitations
C) product demand
D) risk assessment
E) inventory costs
_A_
(1-9) Describe the use of sensitivity analysis and postoptimality analysis in analyzing the results.
Ans: Sensitivity analysis or postoptimality analysis determines how much the solution will
change if there were changes in the model or the input data. It
_A_ 1. A line in a network that may represent a path or a route is called a(n)
A) arc.
B) branch.
C) line.
D) fork.
E) sink.
_D_ 2. A point in the network, that is at the beginning or end of a route is called a(n)
A) arc.
B) branch.
C) line.
D) node.
E) s
Place the correct letter in the blank to the left of the question
_C_1. An analytic and systematic approach to the study of decision making is referred
to as
A) decision making under risk.
B) decision making under uncertainty.
C) decision theory.
D) decis
(1-4) What is the quantitative analysis process? Give several examples of this process.
Ans: Quantitative analysis is a scientific approach to managerial decision making whereby raw
data are processed and manipulated resulting in meaningful information. E