Limited Resources Are Modeled in Optimization Problems as

question 68

Multiple Choice

Limited resources are modeled in optimization problems as

• A) an objective function.
• B) constraints.
• C) decision variables.
• D) alternatives.

---

Definitions:

Risk of Loss

The exposure to potential financial loss in a transaction, often determining who bears the responsibility if goods are damaged or lost.

Carrier

An entity or company that undertakes to transport goods or people for a fee, such as a shipping line, airline, or telecommunications provider.

Shipment Contract

A contract that specifies the seller's responsibility is fulfilled once goods are handed over for transportation, shifting risk to the buyer.

Risk of Loss

The legal responsibility for the damage, destruction, or loss of property, which may shift from the seller to the buyer at a specified point in the transaction.