Modeling is a process
where the essence of a theoretical problem is extracted into a model,
spreadsheet or otherwise.

True

False

Question 8 (1 point) In
some applications, an analyst might present several alternative solutions from
a model, and let the organization choose the best one.

True

False

Question 9 (1 point) A
management science model is typically initiated when an organization believes
it has a problem.

True

False

Question 10 (1 point) A
completed model typically marks the end of the modeling process.

True

False

Choose the Right Answer

Question 11 (1 point) In
an optimization model, there can only be one:

Decision variable

Constraint

Objective function

Shadow price

Background:

Early China experienced stability with the early dynastic period. The Xia and Zhou helped expand early Chinese territories and brought some base level of prosperity to much of China. However, by the late 400s BCE, rival factions began to develop ushering in the Warring States Period. Walls were built between states. Military ranks were also increased. Trade wars emerged to increase revenue. Land was seized from rival states.

Discussion Topic: 9

Of the items noted above, which do you think had the greatest impact on bringing the stability of the late Zhou Dynasty to an end and introducing rivalry and war? Were the defensive walls the most egregious? Were the increases in military personnel the most significant? Were the trade war competitions the most detrimental? Was the invasion and capture of land the most devastating?