A decision with more than one objective
A)cannot have an optimal solution.
B)requires the decision maker to place the objectives in some order of importance.
C)depends on the probability of satisfying each objective.
D)should be decomposed into a separate model for each objective.

Question

Quizplus · Accepted Answer

When there are multiple objectives, it is difficult or impossible to find a single optimal solution that satisfies all objectives simultaneously. Thus, the decision maker needs to prioritize the objectives and assign some weights or importance to each objective. This allows the decision maker to evaluate the alternatives based on their performance against each objective and trade-offs between them. Therefore, option B is the most appropriate answer. Option A is not accurate because it implies that there is no way to make a good decision with multiple objectives. Option C is also not necessarily true, as satisfying some objectives may have lower or higher probabilities depending on the context. Option D is not a practical approach since it can make the problem more complex to manage, and it may not be possible to integrate the individual models into a comprehensive solution.

A Decision with More Than One Objective