This document discusses hydraulic modeling and optimization for drilling operations. It covers: 1) The main hydraulic models used - Newtonian, Bingham Plastic, Power Law, and Yield Power Law models. The Yield Power Law is typically most accurate. 2) Key factors that influence hydraulics like flow regime, hole erosion, pressure losses, bit cleaning, cuttings transport, and standpipe pressure. 3) Optimization criteria for bit hydraulics focus on maximizing either bit hydraulic horsepower or jet impact force by controlling flow rate and pressure loss.