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The Optimum Solution in Operations Research

J. C. Ornea and Paul Stillson
Operations Research
Vol. 8, No. 5 (Sep. - Oct., 1960), pp. 616-629
Published by: INFORMS
Stable URL: http://www.jstor.org/stable/167375
Page Count: 14
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The Optimum Solution in Operations Research
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Abstract

The concept of an 'optimum' solution is defined in terms of the objective of an operations-research effort. An operational, technological, and investment objective is discussed and three separate formulations for a typical problem in the petroleum industry are developed in accordance with each approach.

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