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Linear Programming

Define Linear Programming in banking context.
Mathematical technique for optimal allocation of scarce resources to competing activities using linear equations/inequalities.
What are the four components of any LP problem?
Objective function, decision variables, constraints, non-negativity restriction.
Name one banking application of Linear Programming.
Distributing lending budget across priority-sector, retail, corporate baskets to maximise risk-adjusted return.
What does Certainty assumption mean in LP?
Probability of occurrence of every coefficient is assumed to be 1.0; deterministic environment.
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