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Lecture# MGT-483: MGT-483 / Lecture 7

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Lectures in same course (27)

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Force

In physics, a force is an influence that can cause an object to change its velocity, i.e., to accelerate, unless counterbalanced by other forces. The concept of force makes the everyday notion of pus

Stochastic programming

In the field of mathematical optimization, stochastic programming is a framework for modeling optimization problems that involve uncertainty. A stochastic program is an optimization problem in which

Probability distribution

In probability theory and statistics, a probability distribution is the mathematical function that gives the probabilities of occurrence of different possible outcomes for an experiment. It is a mat

Simplex algorithm

In mathematical optimization, Dantzig's simplex algorithm (or simplex method) is a popular algorithm for linear programming.
The name of the algorithm is derived from the concept of a simplex and wa

Linear programming

Linear programming (LP), also called linear optimization, is a method to achieve the best outcome (such as maximum profit or lowest cost) in a mathematical model whose requirements are represented