Intro to Business Analytics
The term np-hard refers to a classification of problems in computational complexity theory that are at least as hard as the hardest problems in NP (nondeterministic polynomial time). These problems do not have a known polynomial-time solution and are often used in integer programming to model complex decision-making scenarios. Understanding np-hard problems is crucial, as they help identify the limitations of algorithms and the feasibility of finding optimal solutions within reasonable time constraints.
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