Linear programming could provide such a solution. In Dantzig’s 1940s-era U.S. Army Air Corps, computers lacked enough power to handle linear programming. “Now you can solve huge problems using the ...

Marshall, Paul W. "Linear Programming: A Technique for Analyzing Resource Allocation Problems." Harvard Business School Background Note 171-322, January 1971. (Revised November 1975 ...

A mathematical technique used to obtain an optimum solution in resource allocation problems, such as production planning. THIS DEFINITION IS FOR PERSONAL USE ONLY. All other reproduction requires ...

The problem is solved using a multi-stage stochastic linear programming (SLP) model to generalize the closed-form solution obtained by Richard (1975). We account for aspects of the application of the ...