Stage-Gate Ready Enterprise Portfolio Management Software for Projects, Products, Businesses and Resources
   
GLOSSARY
Goal Based Optimization

Goal Based Optimization

Goal Based Optimization is a feature of the Resource Optimization module for Portfolio Management.

Synonyms: Multivariate Optimization

See Also: Genetic Algorithms , Constraint Based Optimization , Interdependency Evaluation , Must Do Criteria , Resource Pool , Resource Planning

The system resolves highly complex problems of portfolio selection. For example, in selecting a portfolio from 100 possible elements there are approximately 1030 (1 followed by 30 zeros) possible combinations.

GenSight uses pattern recognition technology to identify the most promising combinations, which it then tests, evolves and progressively improves to optimize against multivariate goals and constraints.

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