7. Most operations research applications possess certain distinguishing characteristics. These could be identified as follows: (a) primary
Question:
7. Most operations research applications possess certain distinguishing characteristics. These could be identified as follows:
(a) primary focus on decision-making;
(b) an investigation based on some measurable criteria;
(
c) the use of a formal mathematical model; and
(
d) dependence upon computing facilities.
Explain each of these.
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