What are the three common elements of an optimization problem?
A) objectives, resources, goals.
B) decisions, constraints, an objective.
C) decision variables, profit levels, costs.
D) decisions, resource requirements, a profit function.

Question

Quizplus · Accepted Answer

The three common elements of an optimization problem are decisions, constraints, and an objective. Decision variables are the choices to be made in the optimization problem, constraints are limitations or restrictions on those choices, and the objective is the goal or target that the optimization problem is trying to achieve. Option A is not accurate as goals and objectives are the same thing. Option C is incorrect as profit levels and costs are specific to certain optimization problems and not common to all. Option D is incorrect as resource requirements can be considered as constraints.

What Are the Three Common Elements of an Optimization Problem