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A type of problems which seek to maximise (or, minimise) profit (or cost) form a general class of problems called. -

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Question

A type of problems which seek to maximise (or, minimise) profit (or cost) form a general class of problems called.

Options

  • Linear programming problem

  • Optimisation problem

  • Feasible solution

  • Infeasible solution

MCQ

Solution

Optimisation problem

Explanation:

An optimisation problem is one that seeks to maximise or minimise a linear function (say, of two variables x and y) subject to certain constraints determined by a set of linear inequalities. Linear programming issues are a subset of optimisation issues.

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