1. CURRENT STATUS OF THE INDUSTRIAL USE OF LINEAR PROGRAMMING.
- Author
-
Smith Jr., L. Wheaton
- Subjects
LINEAR programming ,OPERATIONS research ,MATHEMATICAL models ,MANAGEMENT science ,STOCHASTIC systems ,INDUSTRIAL efficiency ,ALGORITHMS ,PRODUCTION control ,MATHEMATICAL programming ,DYNAMIC programming ,NONLINEAR programming - Abstract
The article discusses the use of linear programming in U.S. industry. Three aspects of the application of linear programming are presented, including model building, mathematics, and computation. Many real-world industry cases have been related to finding the most economical way of transporting materials between various sources and destinations, and have been solved by special algorithms. In the mathematics of linear programming there are four main areas of research, including computational techniques that take advantage of special features of problems, methods of performing sensitivity analyses for the coefficients of the problem, methods that relate to dynamic problems, and stochastic techniques for handling uncertainty.
- Published
- 1956
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