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Fact of the Day
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Today’s Fact (03/05/2024)
Did you know that math has many tools to help us minimize losses or maximize benefits in all sorts of fields? One such tool is called linear programming. Defined by Britannica as a “mathematical modeling technique in which a linear function is maximized or minimized when subjected to various constraints” (par. 1), applying linear programming allows one to find the ‘optimum’ value of a linear expression within given limits (constraints). This technique has been used since the 1930s, although only in the latter half of the 20th century did it become particularly widespread once issues with the complexity of linear programming problems started being solved (par. 4-5). Curious to learn more? Check out the link in the Reference(s) section!
Reference(s): https://www.britannica.com/science/linear-programming-mathematics
Fact Editor: Ace
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