Mathematical programming

Mathematical programming

An operations research technique that solves problems in which an optimal value is sought subject to specified constraints. Mathematical programming models include linear programming, quadratic programming, and dynamic programming.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Mathematical Programming

The use of a computer or other program that seeks to maximize return on an investment or find the most efficient use of limited resources by simulating real life situations with mathematical models. Mathematical programming seeks to predict future events by using probabilities and other mathematical devices. There are a number of types of mathematical programming; among the most important are linear programming, decision theory, and queuing theory.
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