Which of the following decision making techniques is used to find solutions to the waiting list prob...........

Decision making and Interpersonal Skills Decision making

Which of the following decision making techniques is used to find solutions to the waiting list problems in the case of airline reservations?

This questions was previously asked in

Nabard grade-A,Previous year Memory Based Paper (2022)

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Simulation

Game Theory

Decision Tree

Linear Programming

Queueing Theory

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Explanation:

- Queueing Theory (Option 5): This is the correct choice. Queueing theory analyzes waiting lines or queues to optimize service efficiency. In airline reservations, it helps manage passenger flows, reduce delays, and allocate resources effectively.

- Simulation (Option 1): This technique creates a virtual model of a real-world process, allowing testing of different scenarios. It helps predict outcomes and improves decision-making but is not primarily used for waiting list solutions.

- Game Theory (Option 2): Focuses on strategic interactions between agents or players. While it can help analyze competitive behavior, it is not typically applied to waiting lists or queue management.

- Decision Tree (Option 3): This technique helps map out decisions and their possible outcomes. It's useful for making structured choices, not specifically for handling waiting lists.

- Linear Programming (Option 4): Used for optimizing resource allocation within constraints. Although beneficial in planning and operations, it doesn't directly address waiting list problems.