Examlex
Since 1926,the average annual return for stocks is just over 12% as measured by the Standard & Poor 500 stock index.
Constraint
A Constraint refers to a limitation or restriction on the variables of an optimization problem, often defining the permissible solutions in mathematical modeling and decision-making processes.
Objective Function
A mathematical function used in optimization to define the goal of the solver, such as minimizing costs or maximizing profits.
Fabricating Department
A specialized part of manufacturing where products are assembled, shaped, or otherwise fabricated from raw materials.
Net Profit
The amount of money left over after all operating expenses, taxes, and costs have been subtracted from total revenue.
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