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Parent Node(s):
OPTIMIZATION THEORY
A mathematical technique for determining the most profitable or least disadvantageous choice out of a set of alternatives. Typically the set of alternatives is restricted by several constraints on the values of a number of variables and an objective function locates the optimum in the remaining set. The method is largely used in operations research and systems analysis, e.g., for optimal scheduling of production processes (see pert), for determining the best way for transporting a certain commodity. (Krippendorff)
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