Optimality Criteria

Optimality Criteria refer to a set of rules or principles used to evaluate the best possible options or outcomes in decision-making processes. Essentially, when faced with multiple choices, these criteria help identify the most efficient or effective solution based on specific goals or constraints. For example, in planning a route, optimality criteria would guide you to choose the fastest or shortest path. This concept is widely applicable in fields like economics, engineering, and operations research, where selecting the best option affects performance and resource allocation.