Which of the Following Best Defines Decision Variables in an Optimization

question 45

Multiple Choice

Which of the following best defines decision variables in an optimization model?

• A) They are limitations, requirements, or other restrictions that are imposed on any solution.
• B) They are the quantities that the model seeks to maximize or minimize.
• C) They are quantities for which no feasible solutions exist.
• D) They are unknown values that the model seeks to determine.

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Definitions:

Market Economy

An economic system where the prices of goods and services are determined in a free price system, primarily through supply and demand.

Nationalization

The process by which governments take private assets into public ownership, usually key industries or resources.

State-Owned Enterprise

A business entity that is owned and operated by the government in order to provide goods or services to the public.

Environmental Needs

Environmental needs refer to the essential conditions and resources required for ecosystems and human life to thrive, including clean air, water, soil, and suitable climatic conditions.