Linear Programming Definition

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Definition Of Linear Programming:

Mathematical technique used in computer modeling (simulation) to find the best possible solution in allocating limited resources (energy, machines, materials, money, personnel, space, time, etc.
) to achieve maximum profit or minimum cost. However, it is applicable only where all relationships are linear (see linear relationship), and can accommodate only a limited class of cost functions. For problems involving more complex cost functions, another technique called 'mixed integer modeling' is employed. Developed by the Russian economist Leonid Kantorovich (1912-86) and the US economist C. Koopmans (1910-86), on the basis of the work of the Russian mathematician Andrei Nikolaevich Kolmogorov (1903-87).

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