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Linear Programming
A mathematical method used to achieve the optimal outcome in a model whose requirements are represented by linear relationships.
Aggregate Planner
A professional role responsible for developing, executing, and monitoring a production plan that balances demand and supply over a medium-term horizon, typically focusing on general levels rather than specifics.
Mixed Strategy
In game theory, a strategic plan in which a player utilizes a mixture of actions, each with a specific probability, to ensure unpredictability.
Chase Strategy
A management approach where production meets the exact demand for goods, reducing inventory costs by producing only what is needed.
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