Examlex
Which of the following represents valid constraints in linear programming?
Standard Cost
A predetermined cost of manufacturing a single unit or a number of units during a specific period under normal conditions.
Budgeted Cost
An estimate of expenses or costs that are planned for a specific period in the future.
Production Estimates
These are predictions or forecasts about the volume of production expected to be achieved in a specified future period.
Ideal Standards
Standards set under perfect or ideal conditions, used for comparison with actual performance to gauge efficiency and productivity, though often unattainable in practice.
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