1 – How does prescriptive analytics relate to descriptive
and predictive analytics?
2- Explain the differences between static and dynamic
models. How can one evolve into the other?
3 — What is the difference between an optimistic approach
and a pessimistic approach to decision making under
4 — Explain why solving problems under uncertainty sometimes
involves assuming that the problem is to be solved
under conditions of risk.
5 — Investigate via a Web search how models and their
solutions are used by the U.S. Department of Homeland
Security in the “war against terrorism.” Also investigate
how other governments or government agencies are
using models in their missions.