Optimization Problems

An optimization problem involves finding the best solution from a set of options based on specific criteria or goals. It’s like trying to maximize benefits or minimize costs while adhering to certain constraints. For example, a company might want to produce the most products possible within a limited budget, or a traveler might seek the shortest route visiting multiple cities. Optimization helps identify the most efficient, cost-effective, or beneficial choice by analyzing available options and their impacts, ensuring resources or efforts are used in the best possible way.