1. What is a model? When is a model called a decision model? 2. What are optimi

1. What is a model? When is a model called a decision model? 2. What are optimization models? 3. Describe how to use Excel data tables, Scenario Manager, and goal seek tools to analyze decision models. 4. Explain the purpose of Solver and what type of decision model it is used for. 5. How does model analysis help managers make a decision?

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