3 Questions
What are decision variables in optimization problems?
Variables whose values the decision maker is allowed to choose
What is the objective function in optimization problems?
The function to be optimized-maximized or minimized
What are constraints in optimization problems?
Physical, logical, or economic restrictions
Study Notes
"Test your knowledge on optimization: Learn about decision variables, cost, revenue, and profit in this quiz. Perfect for anyone interested in understanding the common elements of optimization problems for businesses and organizations. Challenge yourself with our quiz today!"
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