1. Using optimization theory, analyze the following quotations: a. The optimal n

Question

1. Using optimization theory, analyze the following quotations:

a. The optimal number of traffic deaths in the United States is zero.

b. Anny pollution is too much pollution.

c. We cannot pull U.S. troops out of Iraq. We have committed so much already.

d. If Congress cuts out the NASA space station, we will have wasted all the resources that we have already spent on it. Therefore, we must continue funding it.

e. Since JetGreen Airways has experienced a 25 percent increase in its insurance premiums, the airline should increase the number of the passenger its serve next quarter in order to spread the increase in premiums over a larger number of tickets.

Explanation / Answer

1a. This statement says that the we need to optimize the number of traffic deaths in US to zero.

b. The optimal population level is zero; so any kind of popultion is too much

c. No. of U.s. troops in Iraq are optimum. So, if any troops are pulled out, the number will no longer remain optimal

d. This statement will be true only if the amount already used in funding is below the optimal amount; otherwise even if the mission is succesful later, the amount spent will not be ablt to justify the output.

e. JetGreen Airways should try to optimise between the number of passengers getting the benefit and the amout they are getting benefitted.

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