A Nonlinear Optimization Model Differs from a Mixed Integer Linear

question 67

Multiple Choice

A nonlinear optimization model differs from a mixed integer linear optimization model in that the nonlinear optimization model ________.

• A)contains terms that cannot be written as constant times a variable
• B)is considerably more easy to solve than the mixed integer linear optimization model
• C)uses equalities and nonequalities to describe constraints in the business decision problem
• D)contains only a subset of variables that are restricted to being integers while others are continuous

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Definitions:

Condorcet Paradox

A situation in social choice theory where collective preferences can be cyclic (not transitive) despite the transitive preferences of individual voters.

Majority Rule

A decision-making principle where the preferences or decisions supported by more than half of the participants are adopted.

Transitive Preferences

A condition in decision-making where if an individual prefers option A over option B and prefers option B over option C, then the individual also prefers option A over option C.

Median voter theorem

A theory suggesting that the outcome of a majority rule voting system will represent the preferences of the median voter.