Examlex
Establishing a code of ethics guarantees the prevention of unethical behavior.
OptQuest
An optimization software that uses various algorithms to find the best possible solutions to complex problems.
Crystal Ball
A metaphor often used to represent the attempt to predict or foresee future events, typically used in the context of speculation or forecasting.
Price/Demand Elasticity
Price/Demand Elasticity is a measure of how much the quantity demanded of a good responds to a change in the price of that good, indicating the sensitivity of consumers to price changes.
Nonlinear Optimization Model
A mathematical model that seeks to minimize or maximize an objective function whose relationships are not linear.
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