Tuesday 14 August 2012

An Algorithm That Controls Life

An algorithm more than 60 years old, which is used by everyone from common people to banker to make decisions about non-linear problems with so many variables and outcomes

Its full name is the simplex algorithm, and it emerged in the late 1940s from the work of the US mathematician George Dantzig, who had spent the second world war investigating ways to increase the logistical efficiency of the US air force.

source : www.newscientist.com/article/mg21528771.100-the-algorithm-that-runs-the-world.html?page=1