Please Define the Following Key Terms

question 7

Short Answer

Please define the following key terms.
- Toshiko Kishida

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Definitions:

Decision Model

A mathematical or conceptual framework used to help make decisions, often by evaluating different alternatives and their potential outcomes.

Spreadsheet

A digital document made up of rows and columns forming cells, used for organizing, analyzing, and storing data in tabular form.

Slack

In optimization, slack refers to the difference between the resources available and the resources used, indicating unused capacity or flexibility.