Optimization is a technology for calculating the best possible utilization of
resources (people, time, processes, vehicles, equipment, raw materials, supplies,
capacity, securities, etc.) needed to achieve a desired result, such as minimizing
cost or process time or maximizing throughput, service levels, or profits.
Optimization technology improves decision making speed and quality by providing
businesses with responsive, accurate, real-time solutions to complex business
problems.
Optimization is not just efficient and effective in an economic sense - it allows
businesses to easily accommodate customer and employee preferences, improving
quality of life for customers, employees, staff - everybody! Customers wait less and
get better service. Employees can easily arrange their schedules around shift and
vacation preferences without disrupting business operations or service levels.
Managers can focus on proactive planning instead of last minute reacting. People
can make highly informed decisions more quickly and more accurately than ever
before. Optimization creates a great "win" for everyone!
Once embedded in software, optimization technology becomes the "engine" that
quickly and accurately solves complex business problems within an application.
Problems ranging from high-level planning to tactical operations - and everywhere
in between - can be effectively solved using optimized applications. The wide
variety of applications benefiting from optimization include:
- Production planning and scheduling
- raw material blending
- yield & revenue management
- crew scheduling
- financial portfolio management
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- product configuration
- technician and truck dispatching
- crew scheduling
- satellite mission planning
- many others
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