optimisation algorithms

Optimization algorithms are systematic methods used to find the best solution from a set of possible options. Think of them as tools that help solve problems by maximizing or minimizing a particular outcome. For instance, they can help businesses reduce costs, increase efficiency, or improve performance. These algorithms evaluate different scenarios and adjust parameters to converge on the most effective solution, much like trying various routes to find the quickest way to a destination. They are widely used in fields like finance, engineering, and machine learning to enhance decision-making and performance.