FedEx Uses a Computer System to Track the On-Time Performance

question 85

Multiple Choice

FedEx uses a computer system to track the on-time performance of its retail locations.FedEx is using a(n) :

• A)Transaction-processing system
• B)Operations information system
• C)Expert system
• D)Artificial intelligence system
• E)Group decision support system

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Definitions:

Latin Hypercube Sampling

Latin Hypercube Sampling is a statistical method used to generate a sample of plausible collections of parameter values from a multidimensional distribution, often used in uncertainty analysis and optimization.

Monte Carlo Sampling

A statistical technique that uses random sampling and repeated simulations to compute results for complex problems.

Forecast Values

Predicted numerical values based on historical data analysis, used in various industries for planning and decision-making purposes.

Uncertain Inputs

Variables in a model or decision-making process whose values are not known with certainty, often requiring risk analysis or simulation to manage.