Examlex
File-oriented approaches create problems for organizations because of
Redundant Constraint
A constraint in a mathematical model that does not affect the feasible region or solution because it is already implied by other constraints.
Linear Programming
A mathematical methodology used to achieve the best outcome in a model with linear relationships, subject to constraints, commonly applied in optimization scenarios.
Dual Value
The concept of having two different values or outcomes in a single scenario, often used in decision making and evaluation processes.
Contribution
The portion of sales revenue that exceeds variable costs, contributing toward covering fixed costs and generating profit.
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