Definition of 'Leonid Vitaliyevich Kantorovich'
A Russian mathematician and economist who won the 1975 Nobel Prize in Economics, along with Tjalling Koopmans, for his research on the optimal allocation of resources. His 1959 book, The Best Use of Economic Resources, described optimal ways to address problems of centrally planned economies, such as planning, pricing and decision making. He also made important contributions to functional analysis, approximation theory and operator theory and originated the technique of linear programming.
|
