Optimization Models, Which Generate Solutions That Maximize or Minimize Some

question 45

Multiple Choice

Optimization models, which generate solutions that maximize or minimize some objective subject to a set of constraints, fall into the category of _____ analytics.

• A) prescriptive
• B) predictive
• C) descriptive
• D) diagnostic

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Definitions:

Netherlands' Green Plan

An environmental policy initiative by the Dutch government aimed at reducing greenhouse gas emissions, promoting sustainable development, and implementing green technology.

Integrated Life Cycle

refers to a comprehensive approach considering all stages of an entity’s existence, from inception through development, use, and disposal, aiming for sustainability.

Public Awareness

The level of understanding, consciousness, or knowledge about a particular topic or issue among the general public, often achieved through education and media campaigns.

External Costs

External costs are those costs that are not directly accounted for by the producer or consumer but are incurred by third parties or the environment.