Preface of the “Symposium on numerical optimization and applications”

Abstract

[Excerpt] Numerical Optimization and Applications Symposium emphasizes modeling, theory and study of numerical algorithms for optimization. Optimization is an important tool in decision science and in the analysis of physical systems. Furthermore the Optimization plays central role in a tremendous variety of application in the natural sciences, in the sectors of economy, finance, and industry operational research and in the engineering. Because of the wide and growing use of optimization, it is important to develop an understanding of optimization algorithms. Knowledge of the capabilities and limitations of these algorithms leads to a better understanding of their impact on various applications, and points the way to future research on improving and extending optimization algorithms and software. [...]