Examlex
A wet compression test is performed on an engine after a dry compression test revealed low compression on one cylinder. If the compression on the low cylinder rises, it indicates _____.
Objective Function
A mathematical function used in optimization to define the goal of the operation, such as maximizing profit or minimizing cost.
Maximize Contribution
An objective often pursued in business to enhance the difference between total revenues and total costs, thereby increasing profitability.
Shadow Price
An estimated price for a good or service not determined by market forces, used in economic or financial analysis to value non-market or constrained resources.
Sensitivity Analysis
The study of how the variation in the output of a model can be attributed to variations in its inputs.
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