evaluating your options
Optimisation is the mathematical technique used to evaluate two or more viable alternatives.
Faced with a proliferation of feasible options to achieve your goals, it can be impossible to intuitively decide which will strike the best balance between risk avoidance and cost.
decisionLab works with leading software providers AIMMS and IBM ILOG, to apply powerful optimisation approaches to business facts and real life constraints and identify the best possible option to: improve operational efficiency; increase productivity; exploit emerging technologies; gain competitive advantage; reduce financial risk.
Optimisation can be employed as a stand-alone technique or used in conjunction with simulation, see asset lifecyle management see left for an example of how this can work.
We’re keen to share ideas so get in touch to outline your optimisation challenge.