L. V. Kantorovich and Mathematical Modeling in Economics: Synthesis of Reality, Mathematics and Economics
Abstract
Application of mathematical models in economics and management is a broad and multidimensional area of research. It is hardly possible to offer an exhaustive and uniform analysis of such applications. Every experience provided by invention and use of sufficiently broad set of models has its obvious interest. This paper is timed to coincide with the centenary anniversary of Leonid Vitalievich Kantorovich, a prominent Russian mathematician and economist. Getting started with his contribution to creation of linear programming model, moving further to generalization and applications, we finally get an opportunity to discuss highly important role of normative optimal models for economics and management. A special attention is paid to find an appropriate place and suitable interpretation for linear programming as a model of managerial decision making.
Keywords:
Kantorovich, mathematical models in economics, linear programming, management
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Articles of the Russian Management Journal are open access distributed under the terms of the License Agreement with Saint Petersburg State University, which permits to the authors unrestricted distribution and self-archiving free of charge.