2021

Mathematical Optimization  According to the Oxford dictionary, Optimization is the act of making the best or most effective use of a situation or resource. In Latin the word, “optimum means “the ultimate ideal;” similarly, “Optimus” means “the best.” Therefore, to optimize refers to trying to bring whatever we are dealing with towards its ultimate state. Mathematical Optimization is thus bringing out the best or the ultimate solution of a problem using mathematical functions. One must know Calculus thoroughly to understand optimization techniques. The following blog will cover the topic of Mathematical Optimization in depth.   Introduction to Optimization:   Optimization is a precise procedure using design constraints and criteria to enable the planner to find the optimal solution. Optimization techniques have been applied in numerous fields to deal with different practical problems.             Mathematical Optimization i...