The document discusses various techniques for compiler code optimization including local, global, and peep-hole optimizations. Local optimizations such as constant folding, propagation, and dead code elimination are performed within basic blocks. Global optimizations analyze control and data flow across basic blocks. Peep-hole optimizations make machine-specific improvements by considering a few instructions at a time. The goal of all these optimization techniques is to improve performance by generating more efficient executable code without changing program behavior.