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  2. No free lunch in search and optimization - Wikipedia

    en.wikipedia.org/wiki/No_free_lunch_in_search...

    The original no free lunch (NFL) theorems assume that all objective functions are equally likely to be input to search algorithms. [2] It has since been established that there is NFL if and only if, loosely speaking, "shuffling" objective functions has no impact on their probabilities.

  3. SMART criteria - Wikipedia

    en.wikipedia.org/wiki/SMART_criteria

    S.M.A.R.T. (or SMART) is an acronym used as a mnemonic device to establish criteria for effective goal-setting and objective development. This framework is commonly applied in various fields, including project management, employee performance management, and personal development.

  4. Sales and operations planning - Wikipedia

    en.wikipedia.org/wiki/Sales_and_operations_planning

    APICS defines S&OP as the "function of setting the overall level of manufacturing output (production plan) and other activities to best satisfy the current planned levels of sales (sales plan and/or forecasts), while meeting general business objectives of profitability, productivity, competitive customer lead times, etc., as expressed in the ...

  5. Operational objective - Wikipedia

    en.wikipedia.org/wiki/Operational_objective

    In business, operational objectives (also known as tactical objectives) are short-term goals whose achievement brings an organization closer to its long-term goals. [1] It is slightly different from strategic objectives, which are longer term goals of a business, but they are closely related, as a business will only be able to achieve strategic objectives when operational objectives have been ...

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  7. No free lunch theorem - Wikipedia

    en.wikipedia.org/wiki/No_free_lunch_theorem

    For example, it applies to the situations where the algorithm is fixed a priori and a worst-case problem for the fixed algorithm is chosen a posteriori. Therefore, if we have a "good" problem in practice or if we can choose a "good" learning algorithm for a given particular problem instance, then the NFL does not mention any limitation about ...

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