Question
For life insurance business, identify a possible objective function - possibly in the form of a maximized profit, minimized cost, minimized delivery time, maximized customer
For life insurance business, identify a possible objective function - possibly in the form of a maximized profit, minimized cost, minimized delivery time, maximized customer market share etc. List the components of the objective function that would serve as decision variables. Identify the constraints you would need to optimize the objective function.
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Price Theory and Applications
Authors: Steven Landsburg
9th edition
1285423526, 978-1285947877, 1285947878, 978-1285423524
