The death of mathematician George Dantzig is a scientific watershed. Dantzig developed "linear programming" and the simplex method, used to solve complex efficiency problems for large organizations.
Solving linear programming problems in a spreadsheet yields equations for maximizing business profits. As applied to business, linear programming typically involves an objective formula, such as unit ...
Constrained network models describe a wide variety of real-world applications ranging from production, inventory, and distribution problems to financial applications. These problems can be solved with ...