Optimisation Theory

Optimization Theory is a branch of mathematics and economics that focuses on finding the best solution to a problem within given constraints. It involves identifying the most efficient way to use resources, whether that be maximizing profits, minimizing costs, or achieving the best outcome in various scenarios. By using mathematical models and algorithms, it helps in making informed decisions that lead to improved results in fields like business, engineering, and operations research. Essentially, it’s about making the best possible choice in complex situations.