Sensitivity Analysis, What-If Analysis, Optimization Analysis, and Market Basket Analysis

question 87

True/False

Sensitivity analysis, what-if analysis, optimization analysis, and market basket analysis are the common DSS analysis techniques.

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Definitions:

Utility Formula

A mathematical equation used to quantify the overall value or utility of a particular action, decision, or investment in various fields.

Break-even Analysis

A financial calculation to determine the point at which revenue received equals the costs associated with receiving the revenue, used in both project planning and business management.

Utility

In economics, a measure of satisfaction or benefit derived from consuming goods and services.

Learning and Development

A strategic process aimed at enhancing employee skills, knowledge, and competency, contributing to organizational growth.