Applied mathematics leads to real benefits when used right in the context of Operations Research, mathematical programming, and optimization.
Practical Applications of Optimization
There are numerous practical applications of mathematical methods such as operations research and particularly optimization. Advanced planning systems help optimizing supply chain management, manufacturing, and logistics. Beyond that, there are numerous additional lucrative applications of advanced mathematical methods and operations research. We cannot list all of them, but here are some examples: optimal utilization plans for hospitals, instructor and location assignment in the education and training sector, route planning, parameter estimation in medical diagnosis, optimal chemical formulation and blending, commission structures in a multi-level marketing environment, etc.
Goals and Benefits
Keeping the endless possibilities of profitably applying mathematic programming and optimization in mind, there are common benefits like those listed below. Please also visit our projects page for concrete examples.
- Generate feasible plans avoiding conflicts and respecting individual preferences, e.g., bed assignment in hospitals, optimal schedules and time tables
- Creating plans is significantly faster compared to manual planning
- Cost savings by reducing idle times and avoiding bottlenecks
- Increased customer and employee satisfaction
- "Planning as a Service":
- No operating cost for maintaining an in-house application or optimization system
- Consecutive plans can be generated as needed
- Recurring plans: keeping the underlying optimization model makes it easy to change, e.g., to adopt new constraints resulting from changed business requirements
For more information or customized proposals, please contact us.