Examlex
In "geocentric pricing" approach, a company fixes a single price worldwide and allows subsidiaries or local distributors to make independent pricing decisions.
Solver
A tool or algorithm used to find solutions to mathematical problems or optimize certain processes.
Optimal Solutions
Solutions that are the best possible under a given set of constraints or conditions.
Linear Optimization Models
These are mathematical models used to find the best outcome, such as maximum profit or lowest cost, under given constraints by using linear equations.
Balance Constraints
Restrictions in optimization problems that ensure the total input equals the total output, maintaining equilibrium.
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