​Explain Why Goal Programming Could Be a Good Approach to Use

question 30

Short Answer

​Explain why goal programming could be a good approach to use after a linear programming problem is found to be
infeasible.

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Definitions:

Real GDP

The measure of a country's economic output adjusted for price changes, such as inflation or deflation, providing a more accurate reflection of an economy's size and health.

Percent

A mathematical term representing a part per hundred in everything from finance to statistics.

Economic Growth

An increase in the amount of goods and services produced per head of the population over a period of time, often measured as the percent rate of increase in real gross domestic product (GDP).

Nations

Large groups of people united by common descent, history, culture, or language, inhabiting a particular country or territory.