The mathematical technique for finding the best use of limited resources in an optimum manner is known as

The mathematical technique for finding the best use of limited resources in an optimum manner is known as

Right Answer is:

Linear programming

SOLUTION

Linear Programming (LP, also called Linear Optimization): Is a method to achieve the best outcome (such as maximum profit or lowest cost) in a mathematical model whose requirements are represented by linear relationships.

Linear programming is a special case of mathematical programming (also known as mathematical optimization) for finding the best use of limited resources in an optimum manner.

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