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1 Author(s)
Schieber, Baruch M. ; Optimization Center, IBM Thomas J. Watson Research Center, USA

In our rapidly changing economy, businesses face the challenges of increasing their responsiveness and resiliency to varying market forces while minimizing business costs. Decisions that involve these challenges may catapult a business to success in the marketplace or cause a business to fail. Many examples exist of even a single poor business decision having a devastating impact on a business. Naturally, businesses are using the vast computation power of modern computers to help make crucial decisions. This computational power helps businesses study a large number of scenarios and possibilities in order to reach favorable outcomes, given a particular set of circumstances.

Note: The Institute of Electrical and Electronics Engineers, Incorporated is distributing this Article with permission of the International Business Machines Corporation (IBM) who is the exclusive owner. The recipient of this Article may not assign, sublicense, lease, rent or otherwise transfer, reproduce, prepare derivative works, publicly display or perform, or distribute the Article.  

Published in:

IBM Journal of Research and Development  (Volume:51 ,  Issue: 3.4 )