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.

Tactical planning serves the goal of continuous improvement. To achieve this mathematical optimization does not only provide the best set of decisions, but also an evaluation of how much a decision is worth. In this episode we explain, how it works.

Heuristics – is this just another buzzword? Why is it used so often when talking about optimization and what does it have to do with pizza? We explain what a heuristic is and how it works.