An Optimisation Analysis Finds the Optimum Value for a Target

question 25

Multiple Choice

An optimisation analysis finds the optimum value for a target variable by repeatedly changing other variables,subject to specified constraints.What can a manager determine by changing revenue and cost variables in an optimisation analysis?

• A) Calculate the highest potential profits
• B) Calculate employee benefit payments
• C) Use this as an extension for a digital dashboard
• D) Create production schedules

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Definitions:

Cooperating

The action of working together towards a common goal or benefit, often involving mutual assistance and collaboration.

Conflict Management Strategy

A systematic approach or technique adopted to handle and resolve conflicts in a constructive manner.

Concessions

Compromises made by one party to another during negotiations in order to reach an agreement or resolve a conflict.

Play Down Differences

The act of minimizing or understating the importance of disparities or variations among people or situations.