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Since the middle of the twentieth century industrial managers have increasingly relied upon mathematics when making practical decisions for their organizations. For example, in traffic we might wish to reduce delays; in electric power operations we may devise ways to deliver power while incurring minimal losses; in packet networks we might wish to reduce both packet delays and packet losses. Such applications and many others of the same nature draw upon the foundations of optimization theory and algorithms. Other areas where optimization tools have found applications include operations management, finance, marketing, engineering, strategic planning, manufacturing, E-business, supply chain management, data envelopment analysis, industrial operational research, and operations research in infrastructure.

Recent advances in optimization theory and applications (RAOTA-2016)