Answer
1. Objective Function: First, you need to define what you want to achieve. This is your objective, like maximizing profit or minimizing costs.
2. Constraints: You have to consider the limitations or restrictions you face. These are your constraints. For example, limited resources, budget, or time.
3. Optimal Solution: Using mathematical techniques, you calculate the best solution that satisfies the objective while staying within the constraints. This is your optimal solution.
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