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)
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