It seems virtually impossible to find a model for our decision-making which takes all details into account. In this episode we demonstrate how data abstraction can help to model a problem, thus making it the core of successful optimization.

Simulation and optimization are two terms that are often used almost synonymously. Yet they are two fundamentally different techniques. Our new episode “One more thing about…” explains the difference.

If we talk about optimized planning, we generally distinguish between three planning horizons: operational planning, tactical planning, and strategic planning.
Let’s have a closer look at strategic planning and what it is about.