linear programming

linear programming definition - business

linear programming

A mathematical technique to determine an optimum solution to a problem with many variables that are subject to constraints. Linear programming is utilized in manufacturing decisions to minimize costs and on Wall Street to maximize portfolio returns.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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