A Feasible Solution Is a Local Minimum If There Are

question 43

Multiple Choice

A feasible solution is a local minimum if there are no other feasible solutions with a

• A)smaller objective function value in the immediate neighborhood.
• B)same objective function value in the immediate neighborhood.
• C)set of points defining the minimum possible risk in the entire feasible region.
• D)same objective function value in the entire feasible region.

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Definitions:

Profitability

Refers to a company's ability to generate earnings over its costs and expenses.

Controllable Margin

Controllable margin refers to the amount of profit or income that can be directly influenced by the management's decisions, usually excluding fixed costs and overhead.

Operating Assets

Assets that are used for day-to-day functioning of a business and generating revenue, such as inventory, machinery, and buildings.

Return on Investment

A measure used to evaluate the efficiency or profitability of an investment, calculated as the ratio of net profit to the initial cost of the investment.