document.write( "Question 1163314: Whats the potential use of equations and algebraic methods to solve business problems in banking industry? \n" ); document.write( "
Algebra.Com's Answer #787385 by ikleyn(52787)\"\" \"About 
You can put this solution on YOUR website!
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\n" ); document.write( "\n" ); document.write( "Banking industry is counting money and finding optimal ways to invest money.\r
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\n" ); document.write( "\n" ); document.write( "Counting money is based on solving equations, manually or using computers.\r
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\n" ); document.write( "\n" ); document.write( "Finding optimal investment strategies is based on solving equations, again.\r
\n" ); document.write( "\n" ); document.write( "Manually ot using computers.\r
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\n" ); document.write( "\n" ); document.write( "Those who know respective mathematical models and especially those who are able to create new and/or advanced
\n" ); document.write( "mathematical/computational/computer models, may have huge benefits working in banking industry.
\n" ); document.write( "They may get the uppers positions in this industry, and the entire progress in this industry may depend on such people.\r
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\n" ); document.write( "\n" ); document.write( "Even for those banker workers, who do not create new mathematical/computational/computer models
\n" ); document.write( "(they are the middle level/class workers in this industry) it is useful to understand how these models works.
\n" ); document.write( "It is a part of their qualification.\r
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\n" ); document.write( "\n" ); document.write( "For all other people knowledge of this subject is a part of their culture.\r
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\n" ); document.write( "\n" ); document.write( "It is just hundreds and thousand years people count money.\r
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\n" ); document.write( "\n" ); document.write( "Nethertheless, revolutions happens from time to time even in this traditional area.\r
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\n" ); document.write( "Let me give you one interesting example.\r
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\n" ); document.write( "\n" ); document.write( "In 40-ies and 50-ies of the last century, a new method was developed in Math to solve optimization problems:
\n" ); document.write( "the Linear programming method and other similar methods around it.\r
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\n" ); document.write( "\n" ); document.write( "This mathematical achievement made a REVOLUTION in the economy managing, and in banking industry, too.\r
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\n" ); document.write( "\n" ); document.write( "On Linear programming, you may read from this Wikipedia article\r
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\n" ); document.write( "\n" ); document.write( "https://en.wikipedia.org/wiki/Linear_programming\r
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\n" ); document.write( "\n" ); document.write( "https://en.wikipedia.org/wiki/Linear_programming\r
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