Tag: linear programming
A tweet jokingly showing James C. Scott centrally planning his small chicken farm. Even in his devastating critiques of high-modernist central planning, James C Scott acknowledges the benefits to planning and the levels at which it can occur with relative safety. The author M Black also challenges us not to fetishize decentralization in such a…
In 1939, Leonid Kantorovich, a Soviet mathematician, came up with a formulation for optimization problems called linear programming (LP) after being tasked with planning production in the plywood industry during World War 2. A linear program is a constrained optimization problem with a linear objective function that is maximized or minimized subject to linear equality…