Difficulty: Easy
Correct Answer: All of the above
Explanation:
Introduction / Context:
Within Decision Support Systems (DSS) and advanced MIS architectures, the model base houses analytical models and routines (forecasting, optimization, simulation, scoring). Understanding sourcing options for these programs helps organizations manage cost, capability, and maintenance trade-offs when assembling their analytics stack.
Given Data / Assumptions:
Concept / Approach:
A practical model base may include: (1) in-house code tailored to unique processes or proprietary data; (2) vendor-provided modules bundled with ERP/BI platforms (forecasting, allocation, MRP logic); and (3) commercial packages or libraries procured from specialized software firms (optimization solvers, time-series analytics, simulation engines). Integrating these components under common data interfaces and governance yields a coherent analytical capability.
Step-by-Step Solution:
Verification / Alternative check:
Enterprise analytics ecosystems routinely combine R/Python models, vendor modules, and licensed components (e.g., optimization solvers), validating the “all of the above” choice.
Why Other Options Are Wrong:
Choosing only one source ignores the mixed-sourcing reality in modern analytics architectures.
Common Pitfalls:
Vendor lock-in; poor documentation across mixed sources; inconsistent data semantics causing model drift.
Final Answer:
All of the above
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