Optimization is a process used to find the best solution from a set of available choices or options. Often in the presence of constraints or limitations. It is an essential idea in numerous fields, including computer science, economics, engineering, and more. The goal of optimization is to maximize or minimize an objective or criterion while abiding by particular constraints or conditions.
A few key elements of optimization are:
- Objective function
- Decision variables
- Constraints
- Optimization algorithms
- Local vs global optima
- Applications