optimization models

Optimization models are mathematical tools used to find the best solution to a problem based on specific goals and constraints. They help decision-makers determine the most efficient way to allocate resources, maximize gains, or minimize costs. By representing real-world situations with variables, equations, and limitations, these models identify optimal decisions within given boundaries. Commonly used in industries like logistics, finance, and manufacturing, optimization models streamline complex decision processes, ensuring solutions are both effective and feasible.