SIMPLEX METHOD
\sˈɪmplɛks mˈɛθəd], \sˈɪmplɛks mˈɛθəd], \s_ˈɪ_m_p_l_ɛ_k_s m_ˈɛ_θ_ə_d]\
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An algorithm for solving the classical linearprogramming problem; developed by George B. Dantzig in 1947.The simplex method is an iterative procedure, solving asystem of linear equations in each of its steps, andstopping when either the optimum is reached, or the solutionproves infeasible. The basic method remained pretty much thesame over the years, though there were many refinementstargeted at improving performance (eg. using sparse matrixtechniques), numerical accuracy and stability, as well assolving special classes of problems, such as mixed-integerprogramming.
By Denis Howe