In which of the following types of analysis, the goal is to find the optimum value for one or more target variables, given certain constraints?
A
what if analysis
B
optimization
C
Goal seeking analysis
D
None of these
Correct Answer: optimization
In optimization types of analysis, the goal is to find the optimum value for one or more target variables, given certain constraints. Optimization Analysis is a more complex extension of goal-seeking analysis. Instead of setting a specific target value for a variable, the goal is to find the optimum value for one or more target variables, given certain constraints.