Don’t just roll the dice and hope for a business solution – let us dive into the problem with you
Utilizing an existing portfolio of optimization engines and software libraries we can provide our clients, fast, accurate and customized solutions to painful business problems
Weoptit Solutions
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General Optimization
General Optimization
Just because the business problem is painful, it does not mean the solution has to be
Just because the business problem is painful, it does not mean the solution has to be
Optimization is an act, process or methodology of making something (such as a system, decision or design) as fully perfect, functional, or effective as possible.
At Weoptit we take this further; for us, optimization is the process of systematically reaching objectives through optimal utilization of resources through mathematical modelling, making tough intractable problems understandable and solvable.
With the right components, anything can be optimized.
Objective(s) + Defined Constraints & Variables + Data
= anything can be optimized
What do you want to maximize? What do you want to minimize?
What does a given solution need to do? What business rules cannot be violated?
What can be reallocated? What sort of resources can you put into your operations box to reach results?
In the heart of every optimization lies the optimization algorithm(s). Sometimes they are wrapped in a general-purpose solver, like Gurobi or an open-source alternative like lpsolve.
An optimization algorithm is like a recipe for finding the optimal solution.
Our experts excel in finding the right recipe for your problem, whatever it may be.
Keep reading for examples of common areas where optimization is applied
The analytics framework by Tom Davenport, offers a useful perspective on the main components of analytics.
It is a nice categorization of analytics capabilities. Within this framework optimization tends to fall across all three categories as small data as well as big data can be optimized, but tends to mainly sit with other prescriptive analytics tools.
Prescriptions are what you get from your doctor and if you follow them you’ll (hopefully) get better. Same goes for prescriptive analytics tools – they tell you what to do and improve human decision-making.
(Side note: Optimization does not need follow a sequential, step by step approach – it can run concurrent in each area.)
Logistics & Route Optimization
Logistics is a low-margin business where effective resource utilization is essential.
Service demand and supply are both tied to a specific time and place, which results in complex puzzles that are almost impossible to solve manually.
Optimization can help you improve efficiency and gain a larger profit e.g. in the following areas:
Logistics & Route Optimization
Logistics is a low-margin business where effective resource utilization is essential.
Service demand and supply are both tied to a specific time and place, which results in complex puzzles that are almost impossible to solve manually.
Optimization can help you improve efficiency and gain a larger profit e.g. in the following areas:
Well-planned is halfway done!.
Planning is puzzle-solving – certain rules need to be followed and there are clear metrics for what constitutes a good plan. Optimization is a way to solve the puzzle faster and better. It gives you a permanent competitive edge against other players in the market. Don’t just take our word for it though – see our compiled list of case studies and hear it directly from the users:
Workforce management
Manufacturing processes
Equipment utilization
Reducing manual labor by automatizing pdf handling
Planning and Scheduling
Well-planned is halfway done!
Planning is puzzle-solving – certain rules need to be followed and there are clear metrics for what constitutes a good plan. Optimization is a way to solve the puzzle faster and better. It gives you a permanent competitive edge against other players in the market. Don’t just take our word for it though – see our compiled list of case studies and hear it directly from the users:
Workforce management
Manufacturing processes
Equipment utilization
Reducing manual labor by automatizing pdf handling
Planning and Scheduling
Decision Support
Decision support is needed when:
From this it follows that decision support is most needed when something expensive breaks up, other things start breaking up too, it’s all a mess with sirens howling in the background and it needs to be solved RIGHT NOW by YOU! In other words, a normal Tuesday in operative control centers.
We have created a tool for supporting tough decisions about delaying or cancelling flights. Similar cascade effects, where one decision creates ripples through a larger network, are found in all traffic networks (rail, road, shipping).
Book a demo with one of our experts to hear more!
Decision Support
Decision support is needed when:
From this it follows that decision support is most needed when something expensive breaks up, other things start breaking up too, it’s all a mess with sirens howling in the background and it needs to be solved RIGHT NOW by YOU! In other words, a normal Tuesday in operative control centers.
We have created a tool for supporting tough decisions about delaying or cancelling flights. Similar cascade effects, where one decision creates ripples through a larger network, are found in all traffic networks (rail, road, shipping).
Book a demo with one of our experts to hear more!
