Dash Optimization Announces Xpress-MP 2003.Business Editors/High Tech Writers ENGLEWOOD CLIFFS, N.J. & LONDON--(BUSINESS WIRE)--July 18, 2002 Dash Optimization today announced that Xpress-MP 2003 will be released to coincide with the User Meeting to be held in London in September 2002. Xpress-MP continues to gain market share across a wide range of vertical applications and Dash Optimization has become the preferred optimization and modeling software technology partner of end-users, consultants and OEMs who require performance, reliability and ease-of-use. Xpress-MP 2003 will contain significant innovations in core technology and new layered products designed to address additional problems that frequently arise in areas such as production planning Production planning The function of a manufacturing enterprise responsible for the efficient planning, scheduling, and coordination of all production activities. , supply chain, sourcing, resource allocation resource allocation Managed care The constellation of activities and decisions which form the basis for prioritizing health care needs and asset management. Optimizer Innovations Improvements to the core technology of Xpress-MP follow the basic development principles of Dash Optimization of solving ever-larger problems, quickly and reliably. These include: - Completely redesigned and rewritten branch and bound framework - New code for the Newton Barrier Optimizer - Enhanced branching technology, cut strategies and heuristics - Improved memory management - 64-bit versions across all Windows and UNIX Platforms - Intelligent optimizer tuning Dash Optimization has assembled over 1,000 problems from a wide range of vertical applications and now runs all new software through an automated testing (testing) automated testing - Software testing assisted with software tools that require no operator input, analysis, or evaluation. and benchmarking system. Up to 100% improvements in speed have been observed between version 13 and the 2003 release. In particular, Dash is confident that independent benchmarks will show that the MIP MIP See: Monthly income preferred security within the Xpress-Optimizer is the more often than not the first to achieve a good integer integer: see number; number theory solution (within 5% of the absolute optimum) demonstrating yet again that Xpress-MP does indeed get good solutions quickly. Modeling Technology Xpress-Mosel and Xpress-IVE - released in November 2001 - have been significantly enhanced and improved and many Dash customers are now upgrading from the previous 'mp-model' technology. An automatic translation tool - which has been proven on a wide variety of complex models - is available to enable customers to upgrade easily from the previous technology. This translation tool has also demonstrated that Xpress-Mosel can be several orders of magnitude faster in model formulation. The new version of Xpress-Mosel will have an open interface enabling user written or third party programs to be integrated into optimization applications. This complements the unique capabilities of Xpress-Mosel to build optimizer applications incorporating user written algorithms and heuristics heu·ris·tic adj. 1. Of or relating to a usually speculative formulation serving as a guide in the investigation or solution of a problem: . The new version of Xpress-IVE has a rich set of visualization tools including solution path and matrix visualization, making building, testing and tuning applications simpler and easier. Non-Linear Optimization Xpress-MP 2003 includes Xpress-SLP, a non-linear optimization code with mixed-integer capability (MINLP MINLP Mixed-Integer Nonlinear Programming ) which is currently available in Beta form. Customers in areas such as the process industry, finance, marketing and retail have driven this development. Xpress-SLP will be the World's first large-scale, globally supported MINLP component and is able to solve a much wider range of optimization problems. Xpress-SLP will have full modeling support within Xpress-Mosel and Xpress-IVE, and the full range of embedding 1. (mathematics) embedding - One instance of some mathematical object contained with in another instance, e.g. a group which is a subgroup. 2. (theory) embedding - (domain theory) A complete partial order F in [X -> Y] is an embedding if and interfacing capabilities enjoyed by the LP/MIP/QP and MIQP MIQP Mixed-Integer Quadratic Programming optimizers already available within the Xpress-MP family. End-users, consultants and OEMs will have the full range of productivity and software tools with which to express, solve and deploy non-linear optimization models. Stochastic Optimization Stochastic optimization algorithms are optimization algorithms which satisfy one or both of the following properties (Spall, 2003):
At the September User Meeting, Dash will also be making a demonstration of Stochastic Optimization software applied to several real-world problems. Initially prototyped in Xpress-Mosel, this software will be further developed during 2003 with a view to a product release, Xpress-SP, early in 2003. Dash believes that Stochastic Optimization is an essential technology for applications using sophisticated statistics and prediction technology. The combination of the two will release significant additional value in a wide range of vertical sectors including energy, process, retail and finance. Simon Bragg, ARC's European Research Director adds: "Dash is the innovator in the mathematical programming mathematical programming Application of mathematical and computer programming techniques to the construction of deterministic models, principally for business and economics. arena. SLP (Service Location Protocol) An IETF standard used to announce and discover services such as printers and file shares on an IP network. Apple used SLP prior to Mac OS 10.2, but migrated to its Bonjour technology. SLP is also used in SIP-based IP telephony applications. is particularly useful. Programmers have traditionally devoted considerable ingenuity in order to handle non-linear variables and constraints. Xpress-SLP saves this bother. Secondly, planners, investors and analysts are learning the hard way that the future is not just a simple extrapolation (mathematics, algorithm) extrapolation - A mathematical procedure which estimates values of a function for certain desired inputs given values for known inputs. If the desired input is outside the range of the known values this is called extrapolation, if it is inside then of the past. Stochastic By guesswork; by chance; using or containing random values. stochastic - probabilistic Optimisation will help them understand multiple scenarios, and create a robust strategy that can withstand surprises. Maybe, now, those that execute plans will start to respect what these planners produce." About Dash Optimization With its leading edge Xpress-MP optimization software Free and Open Source software
Xpress-MP has an excellent reputation for solving large, real-world problems quickly and reliably. For example, Dash has become the leading supplier of optimization technologies to the process industries, traditionally the area where the most difficult optimization problems are encountered. Through working closely with their customers and innovative algorithmic developments, Dash has remained responsive to the market's need for large scale problem solving problem solving Process involved in finding a solution to a problem. Many animals routinely solve problems of locomotion, food finding, and shelter through trial and error. . Dash also provides a high quality support service to help its customers and business partners get the best possible results with the products. Dash has offices in the UK and US, and distributors in Europe, the Far East and Japan. For more information about Dash Optimization visit www.dashoptimization.com or contact: US: Alkis Vazacopoulos Email: av@dashoptimization.com Tel: 201 567 9445 Fax: 201 567 9443 560 Sylvan Avenue, Englewood Cliffs, New Jersey 07632, USA Rest of World: Alan Dormer Email: alan.dormer@dashoptimization.com Tel: +44 1604 858993 Fax: +44 1604 858147 Blisworth House, Church Lane, Blisworth, Northants NN7 3BX, UK |
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