Mathematical programming is an approach that involves determining how to allocate the resources in such a way as to maximize profits or minimize costs.

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Mathematical programming, also known as optimization, involves solving problems with the objective of maximizing or minimizing a certain function while satisfying certain constraints. In the case of business and economics, mathematical programming can be used to determine the optimal way to allocate resources in order to maximize profits or minimize costs.

Mathematical Programming Is an Approach That Involves Determining How to Allocate