A Quote by George Dantzig

Linear programming is viewed as a revolutionary development giving man the ability to state general objectives and to find, by means of the simplex method, optimal policy decisions for a broad class of practical decision problems of great complexity. In the real world, planning tends to be ad hoc because of the many special-interest groups with their multiple objectives.
Linear programming can be viewed as part of a great revolutionary development which has given mankind the ability to state general goals and to lay out a path of detailed decisions to take in order to "best" achieve its goals when faced with practical situations of great complexity.
Let us not confuse objectives with methods. Too many so-called leaders of the nation fail to see the forest because of the trees. Too many of them fail to recognize the vital necessity of planning for definite objectives. True leadership calls for the setting forth of the objectives and the rallying of public opinion in support of these objectives.
The Federal Reserve and other central banks have adopted broad public policy objectives to guide the development and oversight of the payments system. At the Fed, we have identified efficiency and safety as our most fundamental objectives, as set forth in our Policy on Payment System Risk.
Do not confuse objectives with methods. When the nation becomes substantially united in favor of planning the broad objectives of civilization, then true leadership must unite thought behind definite methods.
Strategy is the articulation of the overall objectives along with general guidelines on achieving those objectives.
It is naturally only a coincidence that all too often, American foreign-policy objectives dovetail nicely with the economic objectives of multinational corporations.
If I had the ability to influence people all over the world just by speaking or writing, one of my objectives would be find out how America became special and then tell everybody.
I was struck by the fact that none of the senators, basically, asked General [James] Mattis, "Well, General, how is it that we haven't won?" We haven't won anywhere, 'winning' in the sense of conclusively achieving our political objectives, however you might want to define those objectives.
Warfare is a means and not an end. Warfare is a tool of revolutionaries. The important thing is the revolution. The important thing is the revolutionary cause, revolutionary ideas, revolutionary objectives, revolutionary sentiments, revolutionary virtues!
But [in bureaucracies], too, decision making takes place in a world full of unceratinties. Any actual system of information processing, planning and control will never be optimal but merely practical, applying rote responses to recurrent problems and employing a variety of contingency tactics to deal with unforeseen events.
Constrained optimization is the art of compromise between conflicting objectives. This is what design is all about. To find fault with biological design - as Stephen Jay Gould regularly does - because it misses some idealized optimum is therefore gratuitous. Not knowing the objectives of the designer, Gould is in no position to say whether the designer has proposed a faulty compromise among those objectives.
The world is now unipolar and contains o­nly o­ne superpower. Canada shares a continent with that superpower. In this context, given our common values and the political, economic and security interests that we share with the United States, there is now no more important foreign policy interest for Canada than maintaining the ability to exercise effective influence in Washington so as to advance unique Canadian policy objectives.
Therefore, a grotesque account of a period some thousands of years ago is taken seriously though it be built by piling special assumptions on special assumptions, ad hoc hypothesis [invented for a purpose] on ad hoc hypothesis, and tearing apart the fabric of science whenever it appears convenient. The result is a fantasia which is neither history nor science.
When Secretary of State for International Development, it was my mission to ensure that every taxpayer pound was spent to serve those in need, and met U.K. development objectives.
I am not interested in dry economic socialism. We are fighting against misery, but we are also fighting against alienation. One of the fundamental objectives of Marxism is to remove interest, the factor of individual interest, and gain, from people's psychological motivations. Marx was preoccupied both with economic factors and with their repercussions on the spirit. If communism isn't interested in this too, it may be a method of distributing goods, but it will never be a revolutionary way of life.
We need to keep in mind the well-established fact that the full effects of monetary policy are felt only after long lags. This means that policy makers cannot wait until they have achieved their objectives to begin adjusting policy.
This site uses cookies to ensure you get the best experience. More info...
Got it!