Explain the following terms: optimization, objective function, optimal solution, constraint, constraint function, feasible solution, binding constraint, slack.

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Statistics Data Analysis And Decision Modeling

ISBN: 9780132744287

5th Edition

Authors: James R. Evans

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Question Posted: Jan 20, 2016 08:40 AM

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Explain the following terms: optimization, objective function, optimal solution, constraint, constraint function, feasible solution, binding constraint, slack.

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Optimization the process of selecting values of decision variables th...View the full answer

Statistics Data Analysis And Decision Modeling

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