A Geographic Information System (GIS)

question 156

Multiple Choice

A Geographic Information System (GIS) :

• A) is a spatial database
• B) contains data that are collected at the point of sale
• C) identifies the boundaries of a trade area
• D) is used to isolate target customer groups
• E) is accurately described by all of these

---

Definitions:

Shadow Price

The implied worth or value of an intangible or constrained resource, used in economic or optimization models to assess opportunity costs.

Dual Value

A concept in linear programming and optimization, representing the worth of relaxing a constraint by one unit in the objective function.

Redundant Constraint

A constraint in a mathematical model that does not affect the feasible region or solution because it is already implied by other constraints.

Linear Programming

A mathematical methodology used to achieve the best outcome in a model with linear relationships, subject to constraints, commonly applied in optimization scenarios.