What Does Linear Programming (LP) Mean?

Techopedia Explains Linear Programming (LP)

  • Decision variables - These are the quantities to be determined.
  • Objective function - This represents how each decision variable would affect the cost, or, simply, the value that needs to be optimized.
  • Constraints - These represent how each decision variable would use limited amounts of resources.
  • Data - These quantify the relationships between the objective function and the constraints.