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Before negotiating an agreement,it is most important that both negotiators understand which of the following?
Linear Programming
A mathematical technique used for optimization of resources, which involves linear equations to represent constraints and an objective function to maximize or minimize.
Objective Function
A mathematical function used in optimization to represent the goal that needs to be achieved, often minimizing or maximizing some quantity.
Linear Programming
A mathematical method for determining the best outcome (such as maximum profit or lowest cost) in a given mathematical model for some list of requirements represented as linear relationships.
Objective Function
A mathematical function used in decision-making processes, often in optimization, representing the goal that needs to be achieved.
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