A Company Has a Goal of Calling on at Least

question 25

Multiple Choice

A company has a goal of calling on at least 400 customers a month (goal 1) , but no fewer than 260 customers a month (goal 2) . If X represents the number of customers contacted, which pair of constraints listed below is the appropriate representation in a goal programming problem?

• A) X + d₁^-- d₁⁺ = 400, X + d2^- - d2⁺ = 260
• B) X - d₁^-+ d₁⁺ = 400, X - d2^- - d2⁺ = 260
• C) X - d₁^- + d₁⁺ = 400, X + d2^- - d2⁺ = 260
• D) X + d₁⁺ - d₁⁺ = 400, X - d2^- + d2⁺ = 260

Interpret the effects of wealth on risk-taking behaviors and preferences.

Differentiate between different utility functions and their implications for risk preferences.

Explain the concept of certainty equivalent and its relation to risk attitudes.

Understand the concept of expected utility and how it guides decision-making under risk.