The Process of Analyzing a Problem in Reverse-Starting with the Last

question 11

Multiple Choice

The process of analyzing a problem in reverse-starting with the last choice,then the second-to-last choice,and so on,to determine the optimal strategy-is called:

• A) backward induction.
• B) backward thinking.
• C) forward thinking.
• D) backward working.

---

Definitions:

Range of Options

The spectrum or variety of choices available in a given situation or for making a particular decision.

Logistics Outsourcing

The practice of hiring third-party service providers to handle logistics operations such as transportation, warehousing, and distribution, allowing companies to focus on their core activities.

Deregulation

involves reducing or eliminating government control over industry sectors to foster competition and improve efficiency.

Transportation Companies

Businesses that specialize in moving goods, passengers, or both from one location to another.