Question: Which of the following is true regarding optimization models? Optimization models are based on precise mathematical procedures that are guaranteed to find the best solution

Which of the following is true regarding optimization models?
Optimization models are based on precise mathematical procedures that are guaranteed to find the "best" solution for the problem under evaluation
Optimization models are able to accommodate broad problem definitions, rather than provide an optimum solution
Optimization models will guarantee increased profits
The grid technique is a powerful optimization model
Which of the following is true regarding optimization models? Optimization models

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