Opportunity loss refers to

Related MCQs

• An alternative optimal solution to a minimization transportation problem exists whenever opportunity cost corresponding to unused route of transportation is:
• If an opportunity cost value is used for an unused cell to test optimality, it should be
• The large negative opportunity cost value in an unused cell in a transportation table is chosen to improve the current solution because
• An optimal assignment requires that the maximum number of lines that can be drawn through squares with zero opportunity cost be equal to the number of
• While solving an assignment problem, an activity is assigned to a resource through a square with zero opportunity cost because the objective is to