Strongly polynomial algorithm for linear programming
Determine whether there exists a strongly polynomial-time algorithm for linear programming that runs in time polynomial solely in the number of variables and constraints (independent of the numerical encoding length), for problems maximize c^T x subject to Ax ≤ b.
References
The existence of an efficient pivot rule for the simplex method is a notorious open question since the inception of the method by Dantzig in 1947, and could yield a strongly polynomial algorithm for linear optimization, as well as a proof of the polynomial (monotone) Hirsch conjecture. These are widely regarded as two of the most important open problems in the theory of linear programming.
By Proposition~\ref{prop:general-lp-hardness}, a strongly polynomial algorithm for the general model would resolve the longstanding open problem of strongly polynomial linear programming \citep[Problem~9]{Smale1998}.
Finding a strongly polynomial time algorithm for linear programming is a ‘holy grail’ open problem in discrete mathematics and theoretical computer science, listed indeed as one of the key mathematical problems for the next century by Smale.