A heuristic solution is
A)used by Risk Solver Platform (RSP) when the Guess button is used.
B)guaranteed to produce an optimal solution.
C)used by Risk Solver Platform (RSP) if Standard GRG Nonlinear method is selected.
D)a rule-of-thumb for making decisions.

Question

Quizplus · Accepted Answer

A heuristic solution is a general rule or method used to make decisions that may not produce an optimal solution but can be efficient in finding an acceptable or satisfactory solution. Therefore, a heuristic solution is a rule-of-thumb for decision making, making option D the best choice.

A Heuristic Solution Is