Optimization Modeling is a branch of engineering that focuses on the development of mathematical models to optimize the performance of a system. It is used to identify the best possible solution to a problem, taking into account a variety of factors such as cost, time, resources, and safety. Optimization Modeling is used in a wide range of industries, including manufacturing, transportation, energy, and healthcare. It is also used to optimize the design of products, processes, and services.
Optimization Modeling involves the use of mathematical algorithms and software tools to identify the best possible solution to a problem. It is used to identify the most efficient and cost-effective way to achieve a desired outcome. It is also used to identify the most efficient way to allocate resources and to identify the most efficient way to manage a system.
Some companies in the Optimization Modeling market include IBM, Microsoft, Oracle, SAS, and FICO. Show Less Read more
