optimization theories

Optimization theories are methods used to find the best possible solution to a problem within given constraints. They involve formulating a goal, such as maximizing profit or minimizing cost, and systematically analyzing options to identify the most effective choice. These theories are used in various fields like engineering, economics, and logistics to improve efficiency and decision-making. Essentially, optimization helps us determine the "best" way to allocate resources or achieve objectives, balancing trade-offs and constraints to reach optimal outcomes.