Explain the following terms: optimization, objective function, optimal solution, constraint, constraint function, feasible solution, and binding constraint.
As it refers to Linear Optimization (often a synonym for programming): Optimization is basically the method one uses to find the absolute maximum of a function. Think of this as being the process that you would need to use in order to make something the best way possible.
Objective function: With the goal of the optimization process being to find parameter values resulting in a ...
What exactly is contstraint, objective function, optimal solution as it refers to Linear Optimization? This response will define key terms used with Linear Optimization.