Which of the following fields of management science finds the optimal method of using resources to achieve the objectives of a business?
A)Simulation
B)Regression
C)Mathematical programming
D)Discriminant analysis

Question

Quizplus · Accepted Answer

Mathematical programming is a field of management science that finds the optimal allocation of resources to achieve business objectives. It uses mathematical models to determine the best combination of inputs, such as labor and capital, to produce a desired output, such as profit or customer satisfaction. Simulation is used to model real-world situations and test different scenarios, regression is used to analyze relationships between variables, and discriminant analysis is used for classification purposes.

Which of the Following Fields of Management Science Finds the Optimal