Mathematical Programming: A Brief Historical Sketch and its Applications

Abstract

During the last five decades, Mathematical programming techniques are applied successfully to almost every spare of human activity, such as industries, management,  planning, govt and economics, agriculture, engineering, medical science and scientific research. As per Prof. C. R. Rao “All Statistical procedures are, in ultimate analysis, solutions to suitably formulated optimization problems”. In this paper, we give the brief historical sketch of mathematical programming techniques and its applications towards the development of the theory and algorithms for solving various types of mathematical programming problems.

Keywords: Mathematical Programming, Statistical Procedures, Optimization