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amb123
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As an elective for undergraduate Chem Engineer, which would be better to have?
Thanks.
-A
Thanks.
-A
Linear programming is a mathematical method for finding the best solution to a problem with multiple constraints. It involves optimizing a linear objective function subject to linear constraints.
Linear programming is widely used in business, economics, engineering, and other fields to solve optimization problems. Some common applications include production planning, resource allocation, transportation planning, and portfolio optimization.
Linear programming assumes that all variables are continuous and can take on any value within a given range. It also assumes that the relationships between the variables are linear. These assumptions may not hold true in all real-world situations, limiting the applicability of linear programming.
Integer programming is a type of linear programming that involves optimizing a linear objective function subject to linear constraints, with the additional restriction that some or all of the decision variables must be integers. This makes integer programming more complex and computationally intensive than linear programming.
Engineering economics is a branch of economics that applies economic principles to engineering projects and decisions. It involves analyzing the costs and benefits of different options to determine the most financially feasible and efficient solution for a given project or problem.