Which technique is used in finding a solution for optimizing a given objective, such as profit maximization or cost minimization under certain constraints?

Related MCQs

• Please state which statement is incorrect. (i) Linear programming was first formulated by an English economist L.V. Kantorovich (ii) LP is generally used in solving maximization or minimization problems subject to certain assumptions.
• Please state which statement is incorrect. (i) Linear programming was first formulated by an English economist L.V. Kantorovich (ii) LP is generally used in solving maximization or minimization problems subject to certain assumptions.
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