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Solving linear programming problems in a spreadsheet yields equations for maximizing business profits. As applied to business, linear programming typically involves an objective formula ...
Dantzig, the mathematician who invented the field of linear programming, which revolutionized the way government and private enterprise planned, scheduled and generally conducted their business ...
Operations Research, 70(5):2837-2850. The approximate linear programming approach has received significant attention in the network revenue management literature. A popular approximation in the ...
Restaurants use linear programming for menu planning. It uses basic algebra to optimize meal production and thereby increase restaurant profits. Linear algebra reflects a direct relationship ...
The system can be modeled as a continuous-time infinite-horizon dynamic program, but suffers from the curse of dimensionality when different customer classes have different service rates. We use ...