Traditional optimization and modern heuristic techniques

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Reference no: EM1378052

Solve real world complex questions using either traditional optimization techniques or modern heuristic methods would make interesting work.

What do the terms heuristic and optimization (or optimal) mean?
What is a quantitative application for each? Some independent research is needed.
What was your source(s) for addressing this question? Provide a URL address(s) if applicable.
Don't hesitate to use outside sources in addressing questions in this course, and apply your understanding as it relates to your prior knowledge and experience where appropriate.

Reference no: EM1378052

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