The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.


Definition & Citations:

To choose the best alternative from a set of available options one can use this type of computer program. Probability and mathematical models are used to predict future events. Used in investing and in choosing the most efficient path to allocate scarce resources. Also known as optimization.


This article contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.