Msis 3223 f stuvia 2024 - Study guides, Class notes & Summaries

Constraints in an Optimization Model - ANSWER•Constraints are limitations, requirements, or other restrictions that are imposed on any solution, either from practical or technological considerations or by management policy. variable cost - ANSWERunit variable cost*quntity produced total cost - ANSWERfixed cost+variable cost*quantity produced demand - ANSWERdemand has an influence on profit by predicting how many units of a product will be sold. quantity produced is a decision option t...