LINEAR PROGRAMMING AND ITS APPLICATION IN ECONOMICS
Keywords:
Linear programming, objective function, constraints, optimal solution, feasible set, simplex method, graphical method, basic solution, non-singular solution, dual problem, optimization, resources, economic-mathematical model, profit maximization, cost minimization.Abstract
This paper examines the concept of linear programming and its application in economics. It covers the basic principles and models of linear programming, as well as its role in optimizing economic processes. Particular attention is paid to problems of optimal resource allocation, production planning, cost minimization, and profit maximization. The main methods for solving linear programming problems are presented and analyzed, including the graphical method, the simplex method, and the artificial basis method. The practical significance of linear programming in making management decisions under resource constraints is demonstrated.
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Published
2026-05-21
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