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Are Linear Programming (LP) models deterministic, stochastic, uncertain, or something else? Explain. What are some common properties of LP models? What is the three-step process

  1. Are Linear Programming (LP) models deterministic, stochastic, uncertain, or something else? Explain.
  2. What are some common properties of LP models?
  3. What is the three-step process for solving LP models?
  4. How are constraints modeled graphically?
  5. What is the corner point property? How is it useful in solving LP models?

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