Organisations Face Decision-Making Environments for All Types of Problems That

Multiple Choice

Organisations face decision-making environments for all types of problems that require optimisation techniques.Under which circumstances might a manager use optimisation techniques?

A) To help them decide which combination of projects a firm should invest in
B) To help in investment trading decisions
C) To determine the optimal configuration of fibre-optic cable in a network that may include many thousands of connection points
D) All of the above are appropriate environments for use of optimisation techniques
Organisations face decision-making environments for all types of problems that require optimisation techniques, such as the following.
• Business executives use genetic algorithms to help them decide which combination of projects a firm should invest in, taking complicated tax considerations into account.
• Investment companies use genetic algorithms to help in trading decisions.