Input and Output Variables Input Variables To Receive data Quantities of Raw materials Labor hours Money Invested in Capital Equipment Identified by Statistical Techniques Process data Output Variables Profit Quantity Produced Quality Ratings
Input and Output Variables Input Variables – To Receive Data – Quantities of Raw Materials – Labor Hours – Money Invested in Capital Equipment – Identified by Statistical Techniques Process Data Output Variables – Profit – Quantity Produced – Quality Ratings
Software and models Generic Modeling Tools SPSS or SAS Decision Support System Database Management System Spreadsheets
Software and Models Generic Modeling Tools SPSS or SAS Decision Support System Database Management System Spreadsheets