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optimizer


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A decision-maker who seeks to maximize profits; in choosing an industrial location, the profit maximizer is assumed to know all the relevant factors, including the cost of assembling materials and distributing products, the price of labour, and agglomeration and external economies. Among many who find optimizer a static and simplistic concept are Feola and Binder, Tropentag 2007. Compare with satisficing.

Subjects: Earth Sciences and Geography.


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