List and explain the characteristics of LP.
Answer to relevant QuestionsDefine the product-mix problem.Explain why a manager might use goal seeking.What is the difference between an optimistic approach and a pessimistic approach to decision making under assumed uncertainty?What is the difference between decision analysis with a single goal and decision analysis with multiple goals (i.e., criteria)? Explain in detail the difficulties that may arise when analyzing multiple goals.How are algorithms and heuristic search methods similar? How are they different?
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