Tag: optimization
Optimization is an act, process, or methodology of making something as fully perfect or effective as possible. Almost everything can be improved, so optimization’s relevance spans to almost every business or process to make it operate more efficiently and effectively.
Optimization employs mathematical models to discover more efficient ways to control and manage systems, ranging from radiation treatments to data centers and power networks. Optimization researchers at WID solve systems-level problems in emerging science and engineering applications by using optimization technologies in an integrated, interdisciplinary, and collaborative fashion. This includes finding solutions to problems that are the most cost-effective or achieve the highest performance under given constraints by maximizing desired elements and minimizing the undesired elements.
Optimization models promise better process planning that can be tied to and offered by social, economic, and financial systems. Certain social and political constraints have caused optimization to go largely unexplored, as have methods for translating plans into policy. We hope to draw on collaborations with communications experts, political scientists, sociologists, economists, behavioral scientists, and business professionals to further leverage optimization’s potential for boosting efficiencies and improving systems that reach into all corners of our lives.
Learn more about Optimization at WID. It is a key component of WID's Data Science Hub.
