What Can Optimization Do?

Whether the problem is large or small, straightforward or complex, optimization supports decision-making across a wide range of industries. Firms in the following industries use optimization software to solve business problems ranging from long-term planning to near real-time scheduling and rescheduling.

Applications in a range of industries: Cross-industry applications Manufacturing Transportation Health care Advertising Telecommunications Financial services Energy and utilities Marketing and sales

Cross-industry applications

• Workforce planning and scheduling
• Maintenance planning and scheduling
• Inventory planning and scheduling
• Route planning and scheduling
• Event/class scheduling
• Portfolio management
• Capital budgeting and rationing
• Cash management
• Package bidding auctions

Manufacturing

• Production planning and sourcing
• Order fulfillment and promising
• Supply chain management
• Detailed production scheduling (discrete, process, semiconductor)
• Inventory and warehouse network design
• Capacity planning
• Procurement management

Transportation

• Network design
• Transportation mode and container size selection
• Crew and driver scheduling
• Container and truck loading
• Transportation procurement
• Vehicle routing and scheduling
• Yield and revenue management
• Gate/dock assignment
• Traffic planning and rescheduling
• Harbor and port management

Health care

• Hospital staff scheduling
• Patient procedure scheduling
• Radiation exposure models

Advertising

• Advertising scheduling
• Ad revenue maximization

Telecommunications

• Network design
• Network management
• Satellite operations

Financial services

• Portfolio optimization
• Fund rebalancing
• In-kinding
• Loan configuration/online lending
• Block trading
• Trade crossing
• Loan pooling
• Collection recovery

Energy and utilities

• Electric power generation/unit commitment
• Power, natural gas and water distribution
• Oil and gas production
• Water resource management
• Hydroelectric power valuation
• Package bidding auctions
• More information

Marketing and sales

• Campaign optimization
• Price optimization
• Product configuration/recommendation
• Retail display
• Collections and recovery