If an opportunity cost value is used for an unused cell to test optimality, it should be.
A. Equal to zero
B. Most negative number
C. Most positive number
D. Any value
Answer: Option B
Solution(By Examveda Team)
If an opportunity cost value is used for an unused cell to test optimality, it should be most negative number. Opportunity costs represent the benefits an individual, investor or business misses out on when choosing one alternative over another.Related Questions on Operations Research
A. Is possible when the variables value is known
B. Reduces the scope of judgement & intuition known with certainty in decision-making
C. Require the use of computer software
D. None of the above
A. Must be deterministic
B. Requires computer aid for its solution
C. Represents data in numerical form
D. All of the above
A physical model is example of.
A. An iconic model
B. An analogue model
C. A verbal model
D. A mathematical model
The qualitative approach to decision analysis relies on.
A. Experience
B. Judgement
C. Intuition
D. All of the above
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