ASP Cannot Guarantee an Optimal Solution to a Simulation Optimization

question 32

Multiple Choice

ASP cannot guarantee an optimal solution to a simulation optimization model because

• A) the optimization problem will have only one local optimal solution due to the linear relationship.
• B) of sampling error resulting from nonlinear relationships.
• C) it is not possible to compare solutions across runs.
• D) of sampling error resulting from the presence of the random variables.

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Definitions:

Ordinal Level

A measurement scale that categorizes data into ordered categories that are meaningful but not mathematically equidistant.

Spearman Rank-Order

A non-parametric measure of rank correlation that assesses how well the relationship between two variables can be described using a monotonic function.

Correlational Research

A type of nonexperimental research where researchers measure two variables and assess the statistical relationship (correlation) between them with no manipulation of variables.

Correlational Statistics

Statistics designed to measure relationships between variables.