Difficulty: Medium
Correct Answer: Both (a) and (b)
Explanation:
Introduction / Context:
A model base houses analytical, statistical, and optimization models supporting managerial decisions. Standing up a model base requires foundational choices and people with the competencies to implement and maintain those models. This item asks which prerequisites are essential before preparation proceeds meaningfully.
Given Data / Assumptions:
Concept / Approach:
Models depend on the computing environment (OS, libraries, performance characteristics) and on MIS/analytics staff to curate, validate, and operationalize them. Without a selected platform, technical architecture decisions are premature; without the right staff, models cannot be implemented or governed effectively.
Step-by-Step Solution:
1) Identify critical path dependencies: platform and people.
2) Evaluate each option’s necessity at start-up.
3) Recognize that both hardware selection and staff organization are mandatory.
4) Choose the combined prerequisite (both a and b).
Verification / Alternative check:
DSS implementation references call out environment standardization and cross-functional MIS/analytics staffing as preconditions for effective model base deployment.
Why Other Options Are Wrong:
Option A or B alone is insufficient; both are required.
Option C: Facilities are supportive but not the gating factor.
Option E: Incorrect because there are prerequisites.
Common Pitfalls:
Attempting to prototype models before establishing platform/toolchain or assigning accountable owners; this leads to rework and inconsistency.
Final Answer:
Both (a) and (b)
Discussion & Comments