Analytic Solver Platform (ASP) cannot guarantee an optimal solution to a simulation optimization model because
a. the optimization problem will have only one local optimal solution due to the linear relationship.
b. of sampling error resulting from nonlinear relationships.
c. it is not possible to compare solutions across runs.
d. of sampling error resulting from the presence of the random variables.
d
RATIONALE: ASP cannot guarantee an optimal solution to a simulation optimization model because of sampling error resulting from the simulation trials and because the optimization problem may have multiple local optimal solutions due to nonlinear relationships. Therefore, it is helpful to solve the model multiple times and compare the solutions across runs.
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