Why Might a Decision Maker Prefer a Solution in the Interior

question 52

Multiple Choice

Why might a decision maker prefer a solution in the interior of the feasible region of a linear programming problem?

• A)Such a solution has a better objective function value than any other solution
• B)Such a solution is likely to remain feasible if some of the coefficients in the problem change
• C)The decision maker is not sure if he/she wants to maximize or minimize the objective
• D)Such a solution has more binding constraints

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Definitions:

Tolerance for Risk

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Total Payments

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Entrepreneur

An individual who starts and runs a business, assuming the risks and rewards associated with the venture, often innovating and driving economic growth.

Highly Valued Uses

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