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A multiple choice question, with days of the week as potential answers. Multiple choice (MC), [1] objective response or MCQ(for multiple choice question) is a form of an objective assessment in which respondents are asked to select only the correct answer from the choices offered as a list.
The rights to Lindquist's patents were held by the Measurement Research Center until 1968, when the University of Iowa sold the operation to Westinghouse Corporation. During the same period, IBM also developed a successful optical mark-sense test-scoring machine, as documented in US Patent 2,944,734 (filed in 1957, granted in 1960).
Operations research (British English: operational research) (U.S. Air Force Specialty Code: Operations Analysis), often shortened to the initialism OR, is a branch of applied mathematics that deals with the development and application of analytical methods to improve management and decision-making.
Operations management textbooks usually cover demand forecasting, even though it is not strictly speaking an operations problem, because demand is related to some production systems variables. For example, a classic approach in dimensioning safety stocks requires calculating the standard deviation of forecast errors .
Queueing theory is generally considered a branch of operations research because the results are often used when making business decisions about the resources needed to provide a service. Queueing theory has its origins in research by Agner Krarup Erlang , who created models to describe the system of incoming calls at the Copenhagen Telephone ...
monitoring operations management and performance, target or goal setting; talent management and development. In order to optimize economic decisions, the use of operations research, mathematical programming, strategic decision making, game theory [8] [9] and other computational methods [10] are often involved. The methods listed above are ...
A dynamical system may also be introduced to embed operations research problems within the framework of optimal control theory. [ 4 ] [ 5 ] Optimal control is an extension of the calculus of variations , and is a mathematical optimization method for deriving control policies . [ 6 ]
In computer science and operations research, the ant colony optimization algorithm (ACO) is a probabilistic technique for solving computational problems that can be reduced to finding good paths through graphs. Artificial ants represent multi-agent methods inspired by the behavior of real ants.