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An auction in which the highest bidder wins but pays only the second-highest bid. This variation over the normal bidding procedure is supposed to encourage bidders to bid the ...
About Eric Weisstein's World of Mathematics
A differential evolution method used to minimize functions of real variables. Evolution strategies are significantly faster at numerical optimization than traditional genetic ...
The simplex method is a method for solving problems in linear programming. This method, invented by George Dantzig in 1947, tests adjacent vertices of the feasible set (which ...
The objective of global optimization is to find the globally best solution of (possibly nonlinear) models, in the (possible or known) presence of multiple local optima. ...

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