mathematical programming
Definition
The use of a computer program to choose the best alternative from a set of available options. Mathematical programming uses probability and mathematical models to predict future events. It is used in investing and in determining the most efficient way to allocate scarce resources. Also called optimization.
Related Articles
- Financing Your Small Business - Writing a Business Plan *
- Introduction to Health Insurance Policies *
- Assessing Risk While Building a Portfolio *
- Getting Started with Investments and Financial Planning *
- An Overview of Mortgages *
- Introduction to Banking *
- Retiring Baby-Boomers and the Threat to the Economy *
- Understanding Wills and Trusts *
Related Videos
http://www.businessdictionary.com/definition/mathematical-programming.html
