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When Certain Parameters of a Model Represent Managerial Policy Decisions

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When certain parameters of a model represent managerial policy decisions, what-if analysis provides information about what the impact would be of altering these policy decisions.


Definitions:

Strong Stimulus

A powerful environmental input that has the potential to provoke a significant response.

Action Potential

A sudden change in electrical charge across a neuron's membrane, allowing it to transmit a nerve impulse.

Neurons

Specialized cells within the nervous system that transmit information to other nerve cells, muscle, or gland cells.

Axon Membrane

The lipid bilayer covering the axon of a neuron that facilitates the conduction of electrical impulses.

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