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What is Linear Programming (LP, also called Linear Optimization)

Avatar-Based Control, Estimation, Communications, and Development of Neuron Multi-Functional Technology Platforms
Is a method to achieve the best outcome (such as maximum profit or lowest cost) in a mathematical model whose requirements are represented by linear relationships. Linear programming is a special case of mathematical programming (also known as mathematical optimization).
Published in Chapter:
Peasant Farms and Industrial Development: Mathematical Approach to Analysis and Planning
Andrey Tuskov (Penza State University, Russia), Viktor Volodin (Penza State University, Russia), Anna Goldina (Penza State University, Russia), and Olga Salnikova (Penza State University, Russia)
DOI: 10.4018/978-1-7998-1581-5.ch008
Abstract
The authors propose a general formulation of the economic and mathematical model of the problem of optimizing the size of the newly created peasant farms and Industrial Development, taking into account the chosen specialization of activity, as well as determining the optimal parameters for the already-known size of farms. The developed mathematical model differs from the classical one by the presence of additional blocks, which prescribe the sales channels of manufactured products and determine the necessary financial resources. The proposed methodological approach should be used for planning the development of regional economies, taking into account the existing specifics.
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