How computing systems facilitate planning: what are the key advantages that computers bring to managerial planning under uncertainty?

Difficulty: Easy

Correct Answer: All of the above

Explanation:


Introduction / Context:
Managerial planning frequently involves uncertainty, multiple scenarios, and complex trade-offs. Computing systems transform planning by enabling rapid analysis, iterative modeling, and wide scenario coverage. The question asks which advantages computers provide in this context.


Given Data / Assumptions:

  • Managers need speed, breadth of scenarios, and computational power.
  • Planning models can be complex (optimization, simulation, forecasting).
  • Timeliness of information is critical to decision quality.


Concept / Approach:
Computers allow planners to enumerate and test many “what-if” possibilities, apply sophisticated algorithms to complex problems, and deliver results quickly for decision meetings. These benefits are complementary: breadth (many possibilities), depth (complex models), and timeliness (quick answers). Hence, the correct response is that all listed advantages apply.


Step-by-Step Solution:

Relate (a) to scenario analysis and Monte Carlo simulation for uncertainty. Relate (b) to optimization and advanced analytics for complex, multi-constraint decisions. Relate (c) to information systems providing rapid, sometimes real-time, answers. Choose the comprehensive option because all three are true.


Verification / Alternative check:
ERP, BI, and analytics platforms demonstrate these benefits daily: planners iterate quickly across scenarios, solve complex models, and obtain timely insights.


Why Other Options Are Wrong:
Each single benefit is accurate but incomplete; only the inclusive option conveys the full value proposition.


Common Pitfalls:
Overreliance on speed without validating data; ignoring model assumptions when exploring many scenarios.


Final Answer:
All of the above

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