Please state which statement is incorrect. (i) Linear programming was first formulated by an English economist L.V. Kantorovich (ii) LP is generally used in solving maximization or minimization problems subject to certain assumptions.

Operations research, often shortened to the initialism OR, is a discipline that deals with the development and application of analytical methods to improve decision-making. The term management science is occasionally used as a synonym. (Source: Wikipedia)

Examples of operation research models are: a map, activity charts balance sheets, PERT network, break-even equation, economic ordering quantity equation etc.