What is Optimization?

Optimization is all about getting the most or best out any particular situation.

It could be looking forward, e.g.
· Making a plan
· Designing something
· Deciding policy or strategy

It could be looking back, e.g.
· Analysing what was done, or what could have been done
· Looking at past performance

It could be about making immediate decisions, e.g.,
· What do I do now?
· What are my options?
· What are the costs/benefits of my options?