Optimization refers to the area of science that applies mathematical methodologies to provide executives a quantitative analysis to support decision making. It includes subjects as mathematical programming, computer science, engineering and operations research and is addressed to a wide range of challenging research problems and important applications in industry, such as Manufacturing, Healthcare and Hospitals, Banking, Transportation, Wholesale Distribution, Education and Research, Agriculture, Warehouses, and many others. In general, advanced optimization techniques are used when organizations deal with complex situations, especially concerning the allocation of resources. Optimization fosters the development and analysis of efficient and effective methods that help drive better decisions.
The use of optimization techniques lead to various lean manufacturing improvements and strategic choices involving products or operations such as:
The most profitable mixing of products
The best allocation of resources
The most economical plant layout
The best routing
Stock optimization
Truck Capacity and Load Management
Evaluation of Production Rate and Workforce Level
Scheduling Workers in Service Operations
Prevision in Service Operations
Development of Strategies for Matching Supply and Demand
to a wide range of challenging research problems and important applications in industry, such as Manufacturing, Healthcare and Hospitals, Banking, Transportation, Wholesale Distribution, Education and Research, Agriculture, Warehouses, and many others. In general, advanced optimization techniques are used when organizations deal with complex situations, especially concerning the allocation of resources. Optimization fosters the development and analysis of efficient and effective methods that help drive better decisions.