Optimization Model

Decision making is defines as, " Decision making can be regarded as the mental processes (cognitive process) resulting in the selection of a course of action among several alternative scenarios. Every decision making process produces a final choice.”[i] When making decisions it is very important that you think of first what you are trying to accomplish and second what is the best way to achieve the desired outcome. One approach that is used widely is the optimization model. This model is a process that helps organizations find the best solution by meeting the goals set out by the organization. The process is picked and reformed on a situational basis to pick the best solution out of a group of answers. Many times this model uses mathematical processes to help reach the end conclusion of which solution to use.

Companies use optimization software to help look at alternative solutions to problems faced. Optimization uses constraints to make sure that the solution is practical and actually fits the problem at hand. An example of optimization software is Lindo Systems. This company is in the business of, “…providing fast, easy to use tools for mathematical optimization. Day in and day out, LINDO Systems' optimizers provide critical answers to thousands of businesses around the world”[ii] It gives you the support you need to make tough business decisions and also supports different areas your business may be having problems. This approach can help take a failing Information System and help decide the corrective action needed to make things work. For example, Microsofts Optimization Model says, “Microsoft Optimization is a structured, systematic process for assessing infrastructure and platform maturity levels across IT capabilities in order to provide an Optimization road-map toward a Dynamic IT. The road-map helps companies to define and implement Optimization initiatives that will enable proactive, IT management and deliver cost and risk reductions across the IT organization.”[iii] This is one good way that a situation can be taken by the horns and used in a way that will optimize the resources for a company saving money. Many times humans are not able to figure out what is wrong or how to optimize what is happening in the workplace. This process allows you to prosper as a business and follow a path towards the best solution.

[i] http://en.wikipedia.org/wiki/Decision_making

[ii] http://www.lindo.com/index.php?option=com_content&view=article&id=23&Itemid=2

[iii]http://microsoftio.partnersalesresources.com/content/overview/Microsoft_Optimization_Models_Foundation_Evolution_and_Validation.pdf