A Feasible Solution Is a Global Optimum If There Are

question 48

True/False

A feasible solution is a global optimum if there are no other feasible solutions with a better objective function value in the immediate neighborhood.

---

Definitions:

Subjective Benefits

Subjective benefits are intangible advantages or value perceived by individuals or organizations, often not directly measurable in monetary terms, such as brand reputation or employee satisfaction.

Initial Outlay

The upfront expenditure necessary to initiate a project or investment.

Incremental Cash Flows

The additional cash flow generated by a company as a result of a decision to undertake a new project or investment.

Capital Budgeting

The process by which a business evaluates and selects long-term investments that are worth more than the cash they cost.