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.

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.

Sometimes optimization specialists combine different existing techniques to tackle a new type of problem. This is the case for flow network analysis and the facility location problem by combining them to flow location networks. Let’s see how that works and what can be solved this way.