The GRG and Simplex Algorithms Are Similar in That

question 17

Multiple Choice

The GRG and Simplex algorithms are similar in that

• A) each algorithm process continues until there is no further improvement in the objective function.
• B) both algorithms take their starting solution from the spreadsheet.
• C) both return the globally optimal solution.
• D) both algorithms return a solution that satisfies at least one constraint at equality.

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Definitions:

Ordinal

Relating to a categorical ranking in which the order of the values is significant, but the difference between them is not uniformly spaced.

Census

A complete enumeration or count of a population at a set point in time, gathering various demographic, social, and economic information.

Survey

A method of gathering data from a sample of individuals to discover information about a larger population.