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From The Free On-line Dictionary of Computing (05 January 2017) [foldoc]:
simplex method
An algorithm for solving the classical {linear
programming} problem; developed by George B. Dantzig in 1947.
The simplex method is an iterative procedure, solving a
system of linear equations in each of its steps, and
stopping when either the optimum is reached, or the solution
proves infeasible. The basic method remained pretty much the
same over the years, though there were many refinements
targeted at improving performance (eg. using sparse matrix
techniques), numerical accuracy and stability, as well as
solving special classes of problems, such as mixed-integer
programming.
(2003-07-09)