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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.

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    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
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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.

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