Linear programming is used daily in the real world to optimize the allocation of resources or activities to generate the most benefit or profit. Linear programming can take multiple factors into account into the thousands and is used extensively by business managers, economists and public planners.
Continue ReadingLinear programming takes relevant variables of a situation into account and their effect on the desired outcome, and any constraints such as the availability of a limited resource. In real-life situations, linear programming may have to be extended to include additional constraints as they come up.
Real world examples using linear programming include:
The so-called Simplex algorithm, which lies at the heart of linear programming, was invented by George Dantzig in 1947.
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