Which is true regarding optimization models?
A) Optimization models are based on precise mathematical procedures that are guaranteed to find the "best" solution.
B) Optimization models do not always provide an optimum solution,but are able to accommodate broad problem definitions.
C) The Grid Technique is an approach to optimization modeling.
D) Optimization models will guarantee increased profits.
Correct Answer:
Verified
Q7: The grid technique will evaluate all transportation
Q12: The grid approach is used to determine
Q13: Logistics facilities and their locations are variable
Q16: Which is not a trend in today's
Q18: In a commercial zone,the same rate is
Q19: The quality of life locational determinant is
Q19: The optimization model is based on
A) precise
Q20: Which is true regarding the facility location
Q21: Which is an advantage of the grid
Q22: List and discuss potential supply chain modeling
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