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Mathematics

Linear Programming in Business and Resource Allocation

Quick fact

Since Leonid Kantorovich formulated linear programming in 1939 for Soviet plywood production, it has been used to save billions of dollars annually in industries as diverse as airlines scheduling flights and retailers optimizing their supply chains.

Why this is interesting

Imagine you run a bakery with a fixed supply of flour and butter—how do you decide how many croissants and baguettes to bake to maximize your profit? Linear programming solves exactly this kind of puzzle, and it powers thousands of business decisions.