An optimisation analysis finds the optimum value for a target variable by repeatedly changing other variables,subject to specified constraints.What can a manager determine by changing revenue and cost variables in an optimisation analysis?
A) Calculate the highest potential profits
B) Calculate employee benefit payments
C) Use this as an extension for a digital dashboard
D) Create production schedules

Question

Quizplus · Accepted Answer

By changing revenue and cost variables in an optimization analysis, a manager can determine the highest potential profits for their business.

An Optimisation Analysis Finds the Optimum Value for a Target