Which of the following is true regarding optimization models?
1. Optimization models will guarantee increased profits.
2. The grid technique is a powerful optimization model.
3. Optimization models are able to accommodate broad problem definitions, rather than provide an optimum solution.
4. Optimization models are based on precise mathematical procedures that are guaranteed to find the "best" solution for the problem under evaluation.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Which of the following is true regarding optimization models? 1. Optimization models will guarantee increased profits. 2. The grid ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Alan induces beth to enter into a contract for the purchase of a chef's burger house restaurant. alan knowingly misrepresents a number of material features about the restaurant and the business.
Answers (1)
g A political party sends a mail survey to 1500 randomly selected registered voters in a community. The survey asks respondents to give an opinion about the job performance of the current President.
Answers (2)
Mcinerney Jeep Tours operates jeep tours in the heart of the Colorado Rockies. The company bases its budgets on two measures of activity (i. e., cost drivers), namely guests and jeeps. One vehicle used in one tour on one day counts as a jeep.
Answers (1)
If a property's income value is $200,000 and it's earning a net operating income of $40,000, what is the cap rate?
Answers (1)
The character of a company's corporate culture is a product of:A. the shared values and core business principles and beliefs that management preaches and practices. B.
Answers (1)
New Questions in Business
Bart has decided to buy some water balloons rather than get an extra milk at lunch. choosing among economic alternatives is referred to as
Answers (1)
Wims, inc., has current assets of $6,000, net fixed assets of $25,100, current liabilities of $4,950, and long-term debt of $12,000. a. What is the value of the shareholders' eq
Answers (1)
Businesses are most likely to grow during which of the following phases of the business cycle? A. expansion B. contraction C. trough D. recession
Answers (1)
Zero Corp. suffered a loss having a material effect on its financial statements as a result of a customer's bankruptcy that rendered a trade receivable uncollectible.
Answers (2)
Upward communication among organizational members at the same level can facilitate task coordination, provide means of sharing information, provide formal channel of communication for problem solving, and facilitate mutual support for staff involved.
Answers (1)