Which technique is used in finding a solution for optimizing a given objective, such as profit maximization or cost minimization under certain constraints?
A. Quailing Theory
B. Waiting Line
C. Both A and B
D. Linear Programming
Answer: Option D
Solution (By Examveda Team)
Linear programming is a mathematical technique for solving constrained maximization and minimization problems when there are many constraints and the objective function to be optimized, as well as the constraints faced, are linear (i.e., can be represented by straight lines).This Question Belongs to Management >> Operations Research
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