Optimization technology

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Optimization technology?

Can you explain what you mean by optimization technology?.

Asked On2017-05-14 20:24:34 by:arunwebber

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Optimization Technology, Inc. (OTI), headquartered in Huntsville, Alabama, is an innovative engineering company focusing on solutions for military software applications, specializing in system performance prediction and analysis.

Answerd on:2022-02-02 Answerd By:Muskan-Kumari

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Let us first see what is optimisation is.

Finding an alternative with the most cost effective or highest achievable performance under the given constraints, by maximizing desired factors and minimizing undesired ones. In comparison, maximization means trying to attain the highest or maximum result or outcome without regard to cost or expense. Practice of optimization is restricted by the lack of full information, and the lack of time to evaluate what information is available (see bounded reality for details). In computer simulation (modeling) of business problems, optimization is achieved usually by using linear programming techniques of operations research.

Any technology which allows us to achieve optimisation is known as optimisation technology. For example mathematical algorithms which reduces the steps needed for calculating the distance travels.

Answerd on:2017-04-25 Answerd By:metaphor

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Optimization technology?

Can you explain what you mean by optimization technology?.

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