In Modeling, an Optimal Solution Is Understood to Be

question 70

Multiple Choice

In modeling, an optimal solution is understood to be

• A) a solution found in the least possible time and using the least possible computing resources.
• B) a solution that can only be determined by an exhaustive enumeration and testing of alternatives.
• C) a solution that is the best based on criteria defined in the design phase.
• D) a solution that requires an algorithm for determination.

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Definitions:

Oldest Retail Setting

Traditional or ancient marketplaces that historically served as the original venues for commerce and trade.

Main Street

A term often used metaphorically to refer to the typical norms and economic activities of small-town or everyday life in America.

Economic Center

A significant location or region within a country or the world known for its strong economic activity, influence, or wealth.

Off-Price Retailers

Retail stores that sell branded goods at lower prices than those typically charged by department stores or other conventional retailers, often merchandise that is in excess or from previous seasons.