Business, 12.12.2019 05:31 kirathadoll

Which of the following is true regarding optimization models?
1. optimization models will guarantee increased profits.
2. the grid technique is a powerful optimization model.
3. optimization models are able to accommodate broad problem definitions, rather than provide an optimum solution.
4. optimization models are based on precise mathematical procedures that are guaranteed to find the "best" solution for the problem under evaluation.

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Which of the following is true regarding optimization models?
1. optimization models will gu...