Slashdot is powered by your submissions, so send in your scoop


Forgot your password?
For the out-of-band Slashdot experience (mostly headlines), follow us on Twitter, or Facebook. ×

Comment: Applications of LP (Score 0, Informative) 298 298

by Capt. Dick Jackman (#12609259) Attached to: George Dantzig, 1914-2005
Optimization problems involving several constrained variables

Optimal path choice if we assign costs to each path (Very handy for logistics.)

Works really well with game theory and optimal strategies.

Quadratic programming builds on this and can be used to determine the optimal portfolio using Markowitz mean-variance.

That's all I can think of for now, but there are plenty more applications. Linear programming has to be one of the most handy areas of math and easiest for optimization problems.

The way to make a small fortune in the commodities market is to start with a large fortune.