OptimizationOptimization

Optimization aims to identify a set of parameters that affect the performance of a process. The performance is shaped by a cost function, and the optimization seeks the maximum or minimum of the cost function subject to a set of constraints for the set of parameters. Optimization provides a set of parameters that optimize performance.

The performance can be defined in terms of:
  • Productivity
  • Costs
  • Profit
  • Quality of Service