Simple description to optimization process

1. Optimization analysis
Prepared by
Salah Amean Ahmmed Saeed

2. Background
• As a person, everyday we make certain decision
• For example
• what to wear, what to eat and where?
• Eating decision
• What should I eat for my breakfast, lunch and dinner
• Should I eat in the student canteen or should I go out?
• What restaurant, fast food, Korean, Chinese or even just prepare at home
• What is the best in term of
• Nutrition
• Price
• Taste
• Time consuming, etc
• To make sure, I have a good nutrition and some money saved for the future.

3. What is it?
• Optimization Analysis:- Is a more complex extension of goal-seeking
analysis.
• Instead of setting a specific target value for a variable, the goal is
to find the optimum value for one or more target variables, given
certain constraints.
• Then one or more other variables are changed repeatedly, subject
to the specified constraints, until the best values for the target
variables are discovered

4. Optimal value
• "Optimal" simply means best.
• In some scenarios, it means the cheapest lunch
• In other cases it could mean the maximum value of nutrition
• Either way, it's the value that's somehow considered the best.

5. Purpose of this analysis
• Goal is to find the optimum value for one or more target
variables given certain constraints
• One or more other variables are changed repeatedly until the
best values for the target variables are discovered
• Finding the optimum value for one or more target variables,
given certain constraints.
• Example eating a bibimbab that costs around 4thousand won or eating
kimbab that costs.
• These variables will be modified to get the best (in term of price, nutrition,
etc)

6. Optimization methods
• One or more other variables are changed repeatedly until the best values
for the target variables are discovered

7. Conclusion
• Optimization analysis is quite similar to the goal seeking analysis
in term of aiming to attain certain goal with given constraints.