Please give a detailed, illustrated description of the optimum consumption decision.© BrainMass Inc. brainmass.com October 24, 2018, 7:02 pm ad1c9bdddf
The solution answers the question(s) below.
Qualitative Analysis for Management
Solving real world complex problems using either traditional optimization techniques or modern heuristic techniques would make interesting work.
What do the terms heuristic and optimization (or optimal) mean?
What is a quantitative application for each? Some independent research is needed.
What was your source(s) for addressing this question? Provide a URL address(s) if applicable.
Don't hesitate to use outside sources in addressing questions in this course, and apply your understanding as it relates to your prior knowledge and experience where appropriate.