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Conditions of varying degrees of uncertainty

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Quantitative techniques are very useful in making decisions under conditions of varying degrees of uncertainty. Torque Engineering Co. Ltd. faces the problem of allocating resources to its newly set up hydraulic pumps division. Which of the following decision-making techniques can help solve the problem?

(a) Linear programming

(b) Decision tree

(c) Simulation

(d) Waiting-line method

(e) Game theory

Reference no: EM131085743

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