Converting a Transportation Problem LP from Cost Minimization to Profit

question 41

True/False

Converting a transportation problem LP from cost minimization to profit maximization requires only changing the objective function; the conversion does not affect the constraints.

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Definitions:

Store Of Value

Anything that retains its purchasing power over time.

Double Coincidence

Double Coincidence is a term used in economics to describe a situation where two parties each hold an item the other wants, allowing for an exchange without the need for a common medium of trade, like money.

Barter System

An ancient method of exchange where goods and services are traded directly for other goods and services without using money.

Trade

The exchange of goods, services, or both between two or more parties, either within a country or across international borders.