optimization-techniques

Vocabulary Word

Definition

'Optimization techniques' are methods or procedures used to make a system or design as effective or functional as possible. It's like tuning a car engine for optimal performance.

Examples in Different Contexts

In operations research, 'optimization techniques' are mathematical methods used to find the best possible solution under given constraints. An operations researcher might state, 'Applying optimization techniques has enabled us to significantly reduce costs while maintaining quality.'

Practice Scenarios

Tech

Scenario:

This software seems to consume a lot of memory. We may need to find ways to improve its efficiency.

Response:

I've been researching various optimization techniques that we could use to improve the software's performance.

Operations

Scenario:

There's excessive waste in our production process. We need plans to minimize waste and increase productivity.

Response:

Agreed. We could use optimization techniques like lean manufacturing or Just-in-Time (JIT)