It is a set of annual international awards

bestowed in a number of categories by Scandinavian committees in recognition of

cultural and/or scientific advances. The prize was established in 1895. The Peace Prize is awarded in

Oslo, Norway, while the other prizes are awarded in

Stockholm, Sweden. The various prizes are awarded yearly. Each recipient, or laureate, receives a gold

medal, a diploma and a sum of money, which is decided by the Nobel Foundation. As

of 2012, each prize was worth 1.2 million US$.

(1912-1986)

Was a Soviet mathematician and

economist. He was the winner of the Nobel

Prize in Economics in 1975 and the only winner of this prize

from the USSR.

Leonid was born on January 19, 1912, to a Russian Jewish family. His father was a venerologist doctor practicing in Saint Petersburg. In 1926, at the

age of fourteen, he began his studies at the Leningrad University. He graduated from the Faculty of

Mathematics and began his graduate studies.

•St.State University is a Russian federal state-

owned higher education institution based in Saint

Petersburg and one of the oldest and largest universities in Russia.

It is made up of 22 specialized faculties.•Leonid entered the

university at the age of 14, and started

participate in seminars on descriptive function

theory.

First and major achievement came in 1938 is ‘Linear programming’.

This is a mathematical method for determining a way to

achieve the best outcome.

•“The Best uses of economic resources”, where he shows

that every economy had to be concerned with using prices to control distribution of goods

and material resources.

• Published in 1959.

•In 1957 Leonid Kantorovich was awarded the Nobel Prize with Tjalling Koopmans, for

their development in economic sphere.

•Awarded by governments Lenin Prize, 1965, and also the Order

of Lenin, in 1967.

•Functional analysis

•Computational mathematics

•Iterative methods

•Numerical analysis

•Scientific computing

•Over 300 scientific articles in different areas made a dramatic impact on the foundation of the disciplines…He was First Soviet man awarded with the Nobel Prize