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Methods and Models of Optimization

In: Introduction to Process Control

Author

Listed:
  • Victor A. Skormin

    (Binghamton University)

Abstract

Most engineering problems, including planning, control and design, have more than one solution. The theory of optimization provides a mathematical basis for the establishing the acceptability conditions that outline the class of acceptable solutions, for the definition of the criterion that provides the measure of goodness of every individual solution, and the optimization procedure (algorithm) that results in finding the optimal solution, i.e. the solution maximizing the value of the goodness criterion. These three components, the class of acceptable solutions, the criterion of goodness, and the optimization procedure are to be present in any definition of the optimization problem.

Suggested Citation

  • Victor A. Skormin, 2016. "Methods and Models of Optimization," Springer Texts in Business and Economics, in: Introduction to Process Control, chapter 0, pages 193-249, Springer.
    • Handle: RePEc:spr:sptchp:978-3-319-42258-9_4
    DOI: 10.1007/978-3-319-42258-9_4
    as

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