Goal Programming (GP) Is Typically

question 30

Multiple Choice

Goal programming (GP) is typically

• A) a minimization problem of the sum of weighted percentage deviations
• B) a maximization problem of positive deviations only
• C) a minimization problem of negative deviations only
• D) a maximization problem of continuous goals

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Definitions:

Flow Variable

An economic measurement that describes quantities which are measured over a specified period of time, such as income, expenses, or investment.

Foreign Currency Reserve

Refers to the foreign currencies held by a central bank or a monetary authority, used to support its liabilities, stabilize its currency, and finance trade imbalances.

Income

The money received, especially on a regular basis, for work or through investments.

Opportunity Cost

The price paid for not choosing the next most favorable option when deciding or picking between different possibilities.