menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Statistics
  3. Study Set
    Operations Management Study Set 4
  4. Exam
    Exam 26: Simulation
  5. Question
    What Term Is Used When Seeking the Best Alternative for Decision
Solved

What Term Is Used When Seeking the Best Alternative for Decision

Question 33

Question 33

Multiple Choice

What term is used when seeking the best alternative for decision variables based on some measure of performance?


A) maximization
B) best-case
C) optimization
D) goal seek
E) testing

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q28: On cold mornings,the probability that David's car

Q29: Random numbers used in Monte Carlo simulation

Q30: A Uniform distribution has endpoints of 250

Q31: Dofasco managers used the Arena simulation model

Q32: A Monte Carlo simulation implies that randomness

Q34: Simulation is used to determine the optimal

Q35: In the sets of random numbers,every possible

Q37: The number of machine breakdowns per day

Q38: Monte Carlo simulation is only applicable to

Q61: A simulation model is validated if it

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines