For a Location Problem, If the Variables Are Defined as Xi

question 37

Multiple Choice

For a location problem, if the variables are defined as xi = 1 if an outlet store is established in region i and 0 otherwise, the objective function is best defined by _____ for i = 1, 2, …, n number of outlet stores included in the problem.

• A) Min(∑xi)
• B) Max(∑xi)
• C) Min(πxi)
• D) Max(πxi)

---

Definitions:

Efficient Market

A market hypothesis stating that asset prices fully reflect all available information, making it impossible to consistently achieve higher returns.

Security Price

The cost or value at which a financial security is bought and sold in the marketplace.

New Information

New information refers to previously unknown data or knowledge that becomes available, influencing decisions, behaviors, or outcomes in various contexts like markets, research, or daily activities.

Treasury Bills

Short-term government securities with maturities ranging from a few days to 52 weeks, issued at a discount to face value.