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Leonid Vitalyevich KantorovichBorn 19 Jan 1912; died 7 Apr 1986 at age 74.Soviet mathematician and economist who shared the 1975 Nobel Prize for Economics with Tjalling Koopmans for their work on the optimal allocation of scarce resources. Kantorovich's background was entirely in mathematics but he showed a considerable feel for the underlying economics to which he applied the mathematical techniques. He was one of the first to use linear programming as a tool in economics and this appeared in a publication Mathematical methods of organising and planning production which he published in 1939. The mathematical formulation of production problems of optimal planning was presented here for the first time and the effective methods of their solution and economic analysis were proposed. |
