Examlex
Use graphical methods to solve the linear programming problem.
-Minimize z = 4x + 5y subject to:
2x - 4y ≤ 10
2x + y ≥ 15
x ≥ 0
Y ≥ 0
Condorcet Paradox
The Condorcet Paradox describes a situation in voting theory where collective preferences can be cyclical, even if individual preferences are not, leading to a lack of clear majority preference.
Pairwise Vote
A voting system where candidates are compared and voted on in pairs, with the winner being the one who wins the most direct comparisons.
Unanimity
A condition in decision-making where all members of a group fully agree on a specific decision or outcome.
Independence of Irrelevant Alternatives
A decision-making principle asserting that the relative preference between two options should not be affected by the introduction of a third irrelevant option.
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