Question: Which of the following is true regarding optimization models? Question 1 9 options: Optimization models are based on precise mathematical procedures that are guaranteed to

Which of the following is true regarding optimization models?
Question 19 options:
Optimization models are based on precise mathematical procedures that are guaranteed to find the "best" solution for the problem under evaluation.
Optimization models will only guarantee increased profits.
Optimization models are able to accommodate broad problem definitions, rather than provide an optimum solution.

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