August 3, 2019 - 8:00 am
August 3, 2019 - 4:00 pm
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Linear programming problems involve minimizing or maximizing a linear objective function subject to bounds, linear equality and inequality constraints. Linear programming is used in finance, energy, operations research and other applications where relationships between variables can be expressed linearly. Quadratic programming is used for portfolio optimization in finance, power generation optimization for electrical utilities, design optimization in engineering and other applications. Fuzzy optimization is helpful in project management.