ECONOMICS : MATHEMATICS FOR ECONOMISTS III
Columbia University
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LINEAR PROGRAMMING : MATHEMATICS FOR ECONOMISTS III
- Class notes • 10 pages • 2021
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• In most business organizations, allocation of limited resources to unlimited needs is a

major problem. Resources have to be allocated to the alternative that makes an economic

agent most well off.

• The management of a firm makes many allocations decisions within any given time.

• Linear programming is a mathematical technique concerned with allocation of scarce

resources. It involves optimization of an objective function subject to one or several

constraints faced by the eco...
Class notes
LINEAR PROGRAMMING : MATHEMATICS FOR ECONOMISTS III
Last document update:
ago
• In most business organizations, allocation of limited resources to unlimited needs is a 
major problem. Resources have to be allocated to the alternative that makes an economic 
agent most well off. 
• The management of a firm makes many allocations decisions within any given time. 
• Linear programming is a mathematical technique concerned with allocation of scarce 
resources. It involves optimization of an objective function subject to one or several 
constraints faced by the eco...
$14.49
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Fear of missing out? Then don’t!
Do you wonder why so many students wear nice clothes, have money to spare and enjoy tons of free time? Well, they sell on Stuvia! Imagine your study notes being downloaded a dozen times for $15 each. Every. Single. Day. Discover all about earning on Stuvia
Do you wonder why so many students wear nice clothes, have money to spare and enjoy tons of free time? Well, they sell on Stuvia! Imagine your study notes being downloaded a dozen times for $15 each. Every. Single. Day. Discover all about earning on Stuvia