Solving linear programming problems in a spreadsheet yields equations for maximizing business profits. As applied to business, linear programming typically involves an objective formula, such as ...

ABSTRACT. The linear programming approach to approximate dynamic programming has received considerable attention in the recent network revenue management (RM) literature. A major challenge of the ...

Linear regressions can be used in business to evaluate trends and make estimates or forecasts. For example, if a company's sales have increased steadily every month for the past few years ...

Eventually linear programming came to be used in everything from manufacturing to diet planning. George Bernard Dantzig was born in Portland, Ore., on Nov. 8, 1914.

Admission decisions for loss systems accessed by multiple customer classes are a classical queueing control problem with a wide variety of applications. When a server is available, the decision is ...