What are some real-world optimization problems?

What are some real-world optimization problems that businesses face?

Businesses often face optimization problems like supply chain management, resource allocation, and scheduling.

Can you give me an example of a supply chain optimization problem?

Sure! A common example is minimizing transportation costs while ensuring timely delivery of goods.

How do companies typically solve these optimization problems?

Companies use techniques like linear programming, simulation, and heuristic algorithms to find optimal solutions.

What role does AI play in solving these problems?

AI enhances optimization by analyzing large datasets, predicting outcomes, and automating decision-making processes.