What is Mathematical Optimization?

By Keiter Technologies

What is Mathematical Optimization?

Keiter Technologies deals with dozens of tools and technologies to find the best solution to your company’s unique challenges.

What is Mathematical Optimization and how can it be applied to your company or industry?

Mathematical optimization has a variety of applications aimed at finding the optimal solution given a set of conditions. Minimizing costs and maximizing profits is a goal of any business, and mathematical optimization is used in various business processes to accomplish this goal.

Supply chain management/operational efficiency

  • Reduce costs and maximize efficiency through route planning, inventory management, energy consumption management, and equipment management


  • Staff scheduling based on staff preferences, business needs, and labor laws
  • Patient scheduling in a healthcare setting based on provider availability, patient needs, and healthcare coverage

Resource allocation

  • Optimize resources such as inventory, equipment, personnel, financial resources, and time for maximum output

Financial portfolio management

  • Maximize returns and minimize risks


Contact Us to learn more about using Mathematical Optimization as a potential data solution for your company >


See our Glossary of Data Science Terms for more examples of how data solutions can be applied to any industry.

Or Contact us to learn exactly what services we can provide specific to your company.

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About the Author

Keiter Technologies

Keiter Technologies

Keiter Technologies focuses on serving businesses with their strategic technology needs through data science, cybersecurity, and IT audit and consulting.

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The information contained within this article is provided for informational purposes only and is current as of the date published. Online readers are advised not to act upon this information without seeking the service of a professional accountant, as this article is not a substitute for obtaining accounting, tax, or financial advice from a professional accountant.


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