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 Videos




http://www.businessdictionary.com/definition/mathematical-programming.html

Have a question about this term? Ask for help in the
Community
advertise here

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z