Encyclopedia of Operations Research and Management Science

2001 Edition
| Editors: Saul I. Gass, Carl M. Harris

Near-optimal solution

Reference work entry
DOI: https://doi.org/10.1007/1-4020-0611-X_660

For an optimization problem, a near-optimal solution is a feasible solution with an objective function value within a specified range from the (usually unknown) optimal objective function value.

Copyright information

© Kluwer Academic Publishers 2001

Authors and Affiliations

  1. 1.Robert H. Smith School of BusinessUniversity of MarylandCollege PartUSA
  2. 2.School of Information Technology & EngineeringGeorge Mason UniversityFairfaxUSA