Unveiling Efficiency: Operational Research and Optimization Solvers - Levan Pavlenishvili

The talk explored the world of Operational Research (OR), the use of mathematical models to optimize complex decision-making across various fields. Levan covered optimization solvers, both commercial (such as Gurobi, Knitro, FICO Xpress) and open-source (such as GLPK, HiGHS, COIN-OR). To illustrate the applications of optimization, he also introduced a technique called Data Envelopment Analysis (DEA), which evaluates efficiency by comparing similar entities using real-world data. This tool can be applied in numerous scenarios where the efficiency of a decision-making unit (DMU) needs to be assessed.