URGENT HELP NEEDED

1. The process of building a decision model first requires

Strong knowledge of statistical analysis

Solid understanding of the business problem at hand

Deep mastering of business logic

Knowing the availability of databases

2. The formulation of a decision tree problem should include

decisions, strategy, outcomes, payoff

constraints, parameters, objectives, outcomes

alternative, uncertain event, outcome, payoff

3. A linear programming model

guarantee optimal solution

guarantee the unique optimal solution

might not guarantee the unique optimal solution

might not guarantee the programmable solution