Analytics Process
Collect
→
Analyze
→
Insight
→
Action
Optimization finds the best solution among many possibilities. Proper formulation is often more challenging than solving.
Define the Objective clearly—what are you maximizing or minimizing?
Identify Decision Variables—the quantities you can control within bounds.
Specify Constraints from resource limitations, policies, and physical laws.
Choose the Right Model—linear, integer, nonlinear, or stochastic programming.