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Home > QFINANCE Dictionary > Definition of linear programming

Definition of

# linear programming

General Management

method for optimizing production a mathematical technique used to identify an optimal solution for the deployment of resources to meet organizational objectives. Linear programming uses graphic and algebraic means to calculate which combination of resources, subject to predicted constraints, is most likely to fulfill a given objective.

• Asset Allocation Methodologies

Everyone has financial goals they want to achieve, whether it is accumulating a target amount of money before retirement, ensuring that a pension fund can provide promised incomes to retirees, or, in a different context, achieving an increase in corporate cash flow. Inevitably, we do not have unlimited resources available to achieve these goals. We often face not only financial constraints, but also shortages of information, time, and cognitive...
• Nicholas Georgescu-Roegen

After taking his undergraduate degree in Romania, Nicholas Georgescu-Roegen studied in the United Kingdom, France, and the United States before returning to Romania and lecturing at the University of Bucharest. After World War II he held a variety of government posts and was involved in postwar negotiations with the Soviet Union. In 1948 he fled Romania with his wife to avoid arrest by the Communist regime, returning to the United States and...
linear programming - Related Articles
• ### Asset Allocation Methodologies

Best Practice

These are all variants of the asset allocation methodology known as mean–variance optimization (MVO), which is an application of linear programming (for example, as found in the SOLVER function in an Excel spreadsheet). Although MVO is by far the most commonly used asset allocation methodology, it is, as we have
By Tom Coyne

• ### Nicholas Georgescu-Roegen

Thinkers

by the Cowles Commission on linear programming and general equilibrium. He examined problems of the hedonistic valuation framework of neoclassical economics, the conflict between social and hedonistic valuation, and the conflict between individual, social, and environmental values. He later became highly critical of neoclassical economics, as he focused on issues of valuation, resource scarcity, and the distribution of economic output

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Definitions of ’linear programming’ and meaning of ’linear programming’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’linear programming’ and other financial terms with our online QFINANCE Financial Dictionary.