goal programming

goal programming definition - business

goal programming

In management, a system for determining the best solution when multiple goals exist. For example, a company may want to build a new production facility where taxes are low, customers are nearby, land is cheap, and potential employees are educated and well-trained.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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