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Optimization, collection of mathematical principles and methods used for solving quantitative problems. Optimization problems typically have three fundamental elements: a quantity to be maximized or minimized, a collection of variables, and a set of constraints that restrict the variables.
OPTIMIZE meaning: to make (something) as good or as effective as possible often used as (be) optimized.
Optimization - Theory, Algorithms, Solutions: A simple problem in linear programming is one in which it is necessary to find the maximum (or minimum) value of a simple function subject to certain constraints. An example might be that of a factory producing two commodities.
optimization, Field of applied mathematics whose principles and methods are used to solve quantitative problems in disciplines including physics, biology, engineering, and economics.
artificial intelligence (AI), the ability of a digital computer or computer-controlled robot to perform tasks commonly associated with intelligent beings.
Business finance is a form of applied economics that uses the quantitative data provided by accounting, the tools of statistics, and economic theory in an effort to optimize the goals of a corporation or other business entity.
automation, application of machines to tasks once performed by human beings or, increasingly, to tasks that would otherwise be impossible. Although the term mechanization is often used to refer to the simple replacement of human labour by machines, automation generally implies the integration of machines into a self-governing system.
decision making, process and logic through which individuals arrive at a decision. Different models of decision making lead to dramatically different analyses and predictions.
optimization, collection of mathematical principles and methods used for solving quantitative problems in many disciplines, including physics, biology, engineering, economics, and business.
Although thermodynamics developed rapidly during the 19th century in response to the need to optimize the performance of steam engines, the sweeping generality of the laws of thermodynamics makes them applicable to all physical and biological systems.