LP (Linear Programming)

Linear Programming (LP) is a mathematical method used to find the best outcome in a situation with constraints, typically involving maximizing or minimizing a particular value, such as profit or cost. It uses linear relationships to model the problem, where variables are represented in equations. For example, a factory might want to determine the optimal mix of products to produce given limited resources. LP helps decision-makers evaluate various scenarios and choose the most efficient option while adhering to specific limitations, making it valuable in fields like economics, engineering, and logistics.