What is the history of linear programming?
Linear programming originated in the 1940s, primarily developed by George Dantzig. It was initially used for military logistics during World War II.
What are some key developments in linear programming since then?
Key developments include the simplex method, introduced by Dantzig, and the interior-point methods developed in the 1980s, which expanded its applications.
How has linear programming impacted industries?
Linear programming has revolutionized industries like transportation, manufacturing, and finance by optimizing resource allocation and decision-making.
Can you give examples of real-world applications?
Sure! It's used in supply chain management, production scheduling, and even in financial portfolio optimization.
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