For a Maximization Problem,the Optimistic Approach Is Often Referred to as the

question 74

Multiple Choice

For a maximization problem,the optimistic approach is often referred to as the

• A)minimax approach.
• B)maximin approach.
• C)maximax approach.
• D)minimin approach.

---

Definitions:

Robert Owen

A Welsh textile manufacturer, philanthropist, and social reformer, best known for his efforts to improve working conditions and the creation of utopian socialist communities.

Pragmatic Socialist

A pragmatic socialist is an individual or ideology focused on socialist principles but flexible in methods and strategies to achieve social and economic goals, embracing practical approaches over purely ideological ones.

Industrialist

An individual who owns, operates, or has significant financial interest in industrial enterprises.

Karl Marx

A 19th-century philosopher, economist, and political theorist, best known for his critical analysis of capitalism and his influence on the development of socialism and communism.