Search results
Results from the WOW.Com Content Network
Process optimization is the discipline of adjusting a process so as to make the best or most effective use of some specified set of parameters without violating some constraint. Common goals are minimizing cost and maximizing throughput and/or efficiency. Process optimization is one of the major quantitative tools in industrial decision making.
Markov decision process (MDP), also called a stochastic dynamic program or stochastic control problem, is a model for sequential decision making when outcomes are uncertain. [ 1 ] Originating from operations research in the 1950s, [ 2 ] [ 3 ] MDPs have since gained recognition in a variety of fields, including ecology , economics , healthcare ...
Process–architecture–optimization is a development model for central processing units (CPUs) that Intel adopted in 2016. Under this three-phase (three-year) model, every microprocessor die shrink is followed by a microarchitecture change and then by one or more optimizations.
Social sorting is understood as the breakdown and categorization of group- or person-related raw data into various categories and segments by data manipulators and data brokers [citation needed].
Forecasting is the process of making predictions based on past and present data. Later these can be compared with what actually happens. Later these can be compared with what actually happens. For example, a company might estimate their revenue in the next year, then compare it against the actual results creating a variance actual analysis.
Given a transformation between input and output values, described by a mathematical function, optimization deals with generating and selecting the best solution from some set of available alternatives, by systematically choosing input values from within an allowed set, computing the output of the function and recording the best output values found during the process.
Evolutionary Operation (EVOP) is a manufacturing process-optimization technique developed in the 1950s by George E. P. Box. [1] In EVOP, experimental designs and improvements are introduced, while an ongoing full-scale manufacturing process continues to produce satisfactory results. The idea is that process improvement should not interrupt ...
In mathematics and economics, transportation theory or transport theory is a name given to the study of optimal transportation and allocation of resources.The problem was formalized by the French mathematician Gaspard Monge in 1781.