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Exam (elaborations)
Exam 1 Vocab questions with answers 2023
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Exam 1 Vocabdecision variables represent the choices made in the model for the variables; variables over which we have control objective function measures the quality of a particular choice of decision variables (i.e. maximizing profit or minimizing cost) constraints limitations imposed by the problem (can be equalities or inequalities) parameters numbers that appear in the model that aren't decision variables sensitivity analysis how sensitive our optimum is to changes in the parameters
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