Optimization

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November 15, 2023 3 min read Definitions
Shadow Price in Linear Programming
Economics Finance Operations Research Shadow Price Opportunity Cost Linear Programming Optimization Economic Theory
Explore the concept of shadow price, its significance in linear programming, and how it represents opportunity costs in constrained optimization.
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October 4, 2023 3 min read Definitions
Objective Function in Linear Programming: Maximizing Success Formula
Economics Finance Mathematics Linear Programming Optimization Decision-Making Cost Minimization Profit Maximization
Discover the pivotal role of the objective function in linear programming, aimed at optimizing decision-making by either maximizing profit or minimizing costs.
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October 4, 2023 3 min read Definitions
Marginal Cost in Production: Definition, Calculation, and Importance
Economics Accounting Business Strategy Marginal Cost Production Cost Economies of Scale Optimization Profit Maximization
Explore what marginal cost means in economics, how it's calculated, and its essential role in optimizing production and maximizing profits. Useful tutorial for businesses and students alike.
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October 3, 2023 2 min read Definitions
Linear Programming in Modern Optimization Techniques
Economics Mathematics Business Optimization Linear Programming Optimization Constraints Objective Function Simplex Method
Explore how linear programming helps in achieving optimal solutions in various fields by managing constraints and objective function.
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September 25, 2023 3 min read Definitions
Optimization in Trading Systems: A Guide to Boosting Efficiency
Finance Trading Economics Optimization Trading Systems Technical Analysis Investment Strategy Risk Management
Explore the dynamic process of optimization in trading systems, crucial for enhancing efficiency, reducing costs, and increasing profits.
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