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Asked by Shelby Jackson on May 26, 2024

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Any optimization model is completely deterministic,that is,no inherent risk exists in using the optimal solution obtained from the model.

Optimization Model

An optimization model is a mathematical framework designed to find the most efficient solution to a problem from a set of possible solutions.

Deterministic

Pertains to processes or systems where no randomness is involved in the development of future states, implying exact predictability given initial conditions.

Optimal Solution

The best possible outcome from a selection of alternatives, based on a specific set of criteria or constraints.

  • Understand the function of risk analysis software in controlling uncertainties within optimization models.
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KA
Katrina AzucenaMay 28, 2024
Final Answer :
False
Explanation :
This statement is false. There may be inherent risk associated with the optimal solution obtained from the model, such as uncertainty in input parameters or unexpected changes in the environment. It is important to properly consider and mitigate these risks in the decision-making process.

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