Description:
One of 1 000 copies printed.First edition. Leonid Kantorovich (1912-1986), prominent Russian mathematician and economist, is considered as 'one of the father founders of the modern economic-mathematical methods'. In 1938, when he was 26, he started consulting for the Laboratory of the Plywood Trust. 'They had the problem of finding the best distribution of materials to different factories for optimal production. It could be formulated as a linear optimization problem with a number of side conditions. He found that many different problems in economics could be formulated in the same way' (Gustafsson B. Scientific Computing from a Historical Perspective, 2018, e-publication). So, he started working on this problem and he laid the foundation for what is now called linear programming, a mathematical method with important economic applications. His conclusions he outlined in this book, but the work went quit unnoticed outside of the USSR because of the WWII. Subsequently, a similar methodology has been… Read More