The Discipline That Focuses on Mathematical Techniques for Optimizing Parameters

question 73

Multiple Choice

The discipline that focuses on mathematical techniques for optimizing parameters of organizations, such as transportation and inventory control, is

• A) management science.
• B) MIS.
• C) operations research.
• D) utilization management.

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Definitions:

Cross-Price Elasticity

An indicator of the responsiveness in the demand for a certain product when there's a variation in the cost of a different product.

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A carbonaceous solid derived from coal processing, used as a fuel and in the manufacture of dry cells, electrodes, and other industrial products.

Cross-Price Elasticity

An assessment of how the demand for one product adjusts in response to price variations of a different product.