Engineering Optimization Lectures 1 & 2

A technical approach that uses mathematical models to find the best solution (optimal) from a set of possible solutions.

The set of all possible solutions to an optimization problem that satisfy the defined constraints.

A variable used to relax constraints in optimization problems, allowing any starting point to be considered initially.

The process of identifying and improving the performance of a system by minimizing waste and maximizing value.

Using mathematical methods to find the most efficient design solution among multiple options.

The variables that describe the different possible solutions in the optimization problem.

The goal you're trying to achieve. It's either maximized (like profit) or minimized (like cost).

Rules or limitations that must be met by any acceptable solution. They limit the range of possible solutions.

A specific set of variable values that meets all the constraints and optimizes the objective function. It represents the best solution found.

The process of coming up with and developing a new idea or concept, focusing on the function and shape of a product or system.

The process of creating a realistic representation of a design. This could involve mathematical models, simulations, or prototypes.

The ability to complete a task effectively and efficiently, using the minimum resources possible while achieving the desired outcome. It's about doing things right.

The ability to achieve a desired outcome or goal. It's about doing the right things. It's focused on achieving the desired results.

A situation where improving one aspect of a system (like efficiency) can negatively impact another aspect (like effectiveness).

The combined effect of two or more actions resulting in a greater outcome than the sum of their individual effects. A situation where improving efficiency and effectiveness work together to create a better overall result.

The process of using technology to improve efficiency and effectiveness.

Using technology to optimize software development, focusing on both effectiveness (meeting customer needs) and efficiency (using resources wisely).

Using technology to automate repetitive tasks, allowing employees to focus on more value-added work.

Analyzing the strengths and weaknesses of a system or organization, identifying gaps between what is needed and what exists.

The act of creating something new or innovative. This can be a new product, process, or even a new way of thinking.

The possibility or likelihood of something happening. It's about assessing the chances of success or failure of a project or idea.

The ability to implement a project or idea successfully. Assessing if the necessary resources, expertise, and support are available.

The process of planning and managing resources to achieve a desired outcome or goal.

The process of making continual improvements to a system or process over time.

Analyzing the current state of a system or process and identifying any problems or issues requiring attention.

The process of finding solutions within a defined set of constraints. It's about finding the best choice within the limits.

Finding solutions without any restrictions. It's about finding the best possible option regardless of any limitations.

The cost associated with using a specific solution or resource.

Finding a solution that minimizes a specific cost or expense.

Finding a solution that balances multiple competing factors, finding the best compromise. It's about making choices that lead to an acceptable performance across a range of variables.

Finding a solution that maximizes a specific value or benefit.

Using data and algorithms to help a system learn and improve over time. This commonly involves training a system with large amounts of data to improve its ability to make predictions or decisions.

Drawing conclusions and insights from data to make informed decisions.

Maintaining a system or process over time to ensure its ongoing performance and effectiveness. It's about keeping things running smoothly and making sure that everything is working as intended.