Linear Programming: Meaning, Characteristics, Assumption and other Details

Read this article to learn about linear programming! Linear programming: The technique of linear programming was formulated by a Russian mathematician L.V. Kantorovich. But the present version of simplex method was developed by Geoge B. Dentzig in 1947. Linear programming (LP) is an important technique of operations research developed for optimum utilization of resources. Image Courtesy: cdn2.business2community.com/wp-content/uploads/2013/02/graphs-blue.jpg [...]