optsens

Optimization and Sensitivity

There is an initial desire to minimize the direct simulation of institutional decision making to seek optimal solutions. Because institutional decision making tends to seek an optimal solution only for the actor making that decision (local optimization), it may not lead to an outcome that optimizes for the largest population of stakeholders. Instead, the fundamental approach is to drive a single simulation with a large multi-dimensional data set and then allow modern optimization technology to seek globally optimal solutions based on global objective functions.