OptQuest is an optimizationsoftware developed by OptTek Systems, Inc., used to tackle complex optimization problems through Simulation-based optimization (SBO). It primarily integrates with commercial simulation software to improve decision-making and optimization in scenarios characterized by stochastic behavior and complexity.
Underlying algorithms
Like other optimization packages and SBO products, OptQuest utilizes metaheuristicalgorithms.[1][2] Among them, OptQuest uses:
OptQuest, like practically all software packages for simulation-based optimization, utilizes iterative heuristics and approaches the simulation model as a black box, meaning it only interacts with the model through its input and output data.[2][3]
^ abcdefgLaw, Averill M. (2015). Simulation modeling and analysis. McGraw-Hill series in industrial engineering and management science (5th ed.). New York, NY: McGraw-Hill Education. ISBN978-0-07-340132-4.
^Eskandari, Hamidreza; Mahmoodi, Ehsan; Fallah, Hamed; Geiger, Christopher D. (2011). "Performance analysis of comercial simulation-based optimization packages: Optquest and Witness Optimizer". Proceedings of the Winter Simulation Conference (WSC '11): 2363–2373.
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