Question

The term __________ refers to the expression that defines the quantity to be maximized or minimized in a linear programming model. a. problem formulation b. association rule c. objective function d. decision variable

Answer 1

Answer:

C. Objective Function

Explanation:

The objective function in a linear programming model express the equation to be maximized or minimized.

Answer 2

Answer:

Objective Function

Explanation:

The objective function is a mathematical formula describing the goal of production output corresponding to the maximization of production profits.

It tries to maximize profits or minimize losses on the basis of a set of limitations and the connection between one or more variables of decision.

The limitations could relate to ability, accessibility, resources, technology and reflect the environmental limitations where the company operates.