A Heuristic Solution Is

question 62

Multiple Choice

A heuristic solution is

• A)used by Risk Solver Platform (RSP) when the Guess button is used.
• B)guaranteed to produce an optimal solution.
• C)used by Risk Solver Platform (RSP) if Standard GRG Nonlinear method is selected.
• D)a rule-of-thumb for making decisions.

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Definitions:

Alderfer's Existence Needs

A component of Clayton Alderfer's ERG theory, focusing on the basic physical and material well-being requirements akin to Maslow's physiological and safety needs.

Maslow's

Relating to the hierarchy of needs theory developed by Abraham Maslow, which posits that human motivations are influenced by a progression of needs, starting from basic survival needs up to self-actualization.

Physiological Needs

Basic physical requirements for human survival, such as food, water, shelter, and clothing, that are essential to maintaining life.

Self-Actualization Needs

The highest level in Maslow's hierarchy of needs, representing the pursuit of realizing one's own potential and self-fulfillment.