Organisations face decision-making environments for all types of problems that require optimisation techniques.Under which circumstances might a manager use optimisation techniques?
A)To help them decide which combination of projects a firm should invest in
B)To help in investment trading decisions
C)To determine the optimal configuration of fibre-optic cable in a network that may include many thousands of connection points
D)All of the above are appropriate environments for use of optimisation techniques
Organisations face decision-making environments for all types of problems that require optimisation techniques, such as the following.
• Business executives use genetic algorithms to help them decide which combination of projects a firm should invest in, taking complicated tax considerations into account.
• Investment companies use genetic algorithms to help in trading decisions.

Question

Quizplus · Accepted Answer

All of the given scenarios are appropriate environments for the use of optimisation techniques. Optimisation techniques can be applied in situations where there are multiple variables and constraints that need to be considered to reach an optimal solution. In the given scenarios, business executives need to consider tax implications while deciding on investments, investment companies need to make trading decisions based on market trends, and network administrators need to optimize the configuration of fiber-optic cable in a complex network. All of these scenarios require optimisation techniques to arrive at the best possible solutions.

Organisations Face Decision-Making Environments for All Types of Problems That