Marriott Used Which of the Following Management Science Techniques to Help

question 71

Multiple Choice

Marriott used which of the following management science techniques to help improve profit by $120 million over two years?

• A) optimization, decision analysis, and forecasting
• B) forecasting, queuing theory, and inventory analysis
• C) queuing theory, optimization, and inventory analysis
• D) forecasting, simulation, and optimization

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Definitions:

Property, Plant, and Equipment

Long-term assets vital to business operations and not easily converted into cash, encompassing real estate, factories, machinery, and more.

Buildings

Assets classified in accounting as long-term or fixed assets, representing structures owned by a company for business use.

Return On Assets

A profitability ratio that measures how efficiently a company uses its assets to generate profit, calculated as net income divided by total assets.

Asset Turnover

A ratio that measures the efficiency of a company's use of its assets in generating sales revenue.