Examlex
A redundant constraint cannot be removed from the problem without affecting the feasible region.
Third Party Logistics
Refers to companies that provide outsourced logistics services to businesses, handling aspects like transportation, warehousing, and distribution.
Full Truckload Shipment
A shipping mode where a truck carries cargo sufficient to fill an entire trailer, maximizing capacity utilization.
High-low Pricing
A retail strategy where items are initially offered at high prices but later discounted to stimulate sales.
Demand
The quantity of a product or service that consumers are willing and able to purchase at various prices during a specified period of time.
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