Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Charlene Rhinehart is a CPA , CFE, chair of ...

An optimization problem is one where you have to make the best decision (choose the best investments, minimize your company’s costs, find the class schedule with the fewest morning classes, or so on).

Production optimization directly improves oilfield profitability by increasing sustained oil and gas output from existing wells, reducing lifting costs, accelerating cash flow, and lowering emissions ...