Examlex
The term "3/10, net 30" means that a 3 percent discount off the face value of the invoice is allowed if the invoice is paid within 10 days, and that otherwise the full face value is due within 30 days.
Problem-Solving Technique
Approaches or methods used to identify solutions to specific challenges or barriers.
Linear Programming
A mathematical method used to find the best outcome (such as maximum profit or lowest cost) in a given mathematical model for some list of requirements represented as linear relationships.
Constraint
A limitation or restriction in a process, system, or activity that affects its performance or capacity.
Objective Function
A mathematical function used in optimization to define the goal of the operation, such as maximizing profit or minimizing cost.
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