Examlex
In a maximization problem, the GRG algorithm's search for a feasible direction of improvement equates to ____ in the simplex algorithm for LP problems.
Annually
Pertaining to events or actions that occur once every year.
Present Value
The present worth of a future sum of money or sequence of cash payments, reduced at a particular rate of interest.
PV
An abbreviation for present value, referring to the value today of a future payment or series of payments, adjusted for a specific rate of return.
Discount Rate
This rate, integral to discounted cash flow analysis, is employed for determining the present value of cash flows expected in the forthcoming periods.
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