EB simplex
The EB simplex is an algorithm used in linear programming to find the optimal solution to problems involving multiple constraints and objectives. It is an extension of the traditional simplex method, designed to handle problems with equality and inequality constraints more efficiently. The algorithm iteratively moves along the edges of a feasible region defined by these constraints, seeking to improve the objective function at each step.
This method is particularly useful in operations research and economics, where decision-making often involves maximizing profits or minimizing costs. By systematically exploring feasible solutions, the EB simplex helps identify the best possible outcome while adhering to given limitations.