Mathematical programming page 153

(Not to be confused with computer programming).

Use of defined and verified mathematical processes (algorithms techniques etc.) to determine best outcomes.

• Linear programming
• MinMax techniques
• Game theory

Is a family of tools designed to solve managerial problems in which the decision maker must alloate scarce resources among competing activities to optimise a measurable goal.

• Tools for solving managerial problems
• Useful when decision-maker must allocate resources amongst competing activities.
• Allocation of resources to achieve optimised specific goals.