If a Model Contains Uncertain Outputs,it Can Be Very Misleading

question 36

Multiple Choice

If a model contains uncertain outputs,it can be very misleading to build a deterministic model by using the means of the inputs to predict an output.This is called the

• A)Law of Large Numbers.
• B)Flaw of Averages.
• C)Law of Inevitable Disappointment.
• D)Central Limit Theorem.

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Definitions:

Supply Chain Network

A complex system of organizations, people, activities, information, and resources involved in moving a product or service from supplier to customer.

Global Network Design Decisions

Involve determining the optimal configuration and management of a company's supply chain operations across global markets to enhance efficiency and performance.

Suppliers Availability

The readiness and ability of suppliers to provide the necessary goods and services as demanded by the purchasing organization.

Transportation Services

Services that include the movement of goods and people from one location to another using various modes of transport.