A difference between minimization and maximization problems is that:
A) minimization problems cannot be solved with the corner-point method.
B) maximization problems often have unbounded regions.
C) minimization problems often have unbounded regions.
D) minimization problems cannot have shadow prices.
E) minimization problems are more difficult to solve than maximization problems.

Question

Quizplus · Accepted Answer

In minimization problems, the objective is to find the minimum possible value, which means the solution could approach negative infinity and therefore have unbounded regions. Maximization problems, on the other hand, aim to find the maximum value and so typically do not have unbounded regions. The other answer choices are either incorrect or do not accurately describe the differences between minimization and maximization problems.

A Difference Between Minimization and Maximization Problems Is That