Question: Many decisions are simple, preprogrammed, or already solved. For example, retailers do not have to think long to decide how to deal with a new

Many decisions are simple, preprogrammed, or already solved. For example, retailers do not have to think long to decide how to deal with a new customer. Some operations- research models provide "ready-made" decisions, such as finding an optimal inventory level using an order-quantity formula or determining an optimal production mix using linear programming. Contrast these decisions with unstructured or strategic decisions, such as choosing a career or locating a nuclear power plant. What kinds of decisions are appropriate for a decision-analysis approach? (500 words)

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