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What is optimization
Optimization is the process of finding the best way of using your
resources, at the same time not violating any of the constraints
that are imposed. By "best" we usually mean highest profit,
or lowest cost.
Optimization is a rigorous approach which takes into account all
of the factors that influence decisions in business. Optimization
implies careful modeling of the business, a process which itself
invariably gives valuable insights.
Operational efficiency, revenue maximization, cost minimization,
performance assessment and understanding the effects of changes
in input data.
Optimization has a track record across a wide range of industries
and commerce.
Organizations use optimization to improve the quality of their decision
making.
Optimization functionality is a logical extension to many software
products, making them more valuable to their users.
Optimization is a must-have tool for consultants engaged in any
aspect of business performance or business process improvement.
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