Management May Choose a Single Product Mix from Among Multiple

question 45

Multiple Choice

Management may choose a single product mix from among multiple optimal solutions because of:

• A)a desire to highlight a new product
• B)needs of an important customer
• C)strategies adopted by competitors
• D)All of the above
• E)None of the above

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Definitions:

Degeneracy

In optimization problems, a situation where more than one solution can be considered optimal, or where slight changes to input data lead to large changes in the solution.

Dummy Source

A hypothetical or artificial origin used in various analytical models or algorithms, often to simplify a problem or to initiate processes.

Dummy Demand

A conceptual tool used in planning and analysis to simulate demand for products or services that are not actually being requested by customers.

Transportation Problem

A type of optimization problem in operations research that involves determining the most efficient allocation of resources for transporting goods.