Greycon Finds New Version of Dash Optimization's Xpress-MP is 35% Faster.
Business Editors/High-Tech Writers
LONDON--(BUSINESS WIRE)--March 23, 2004
Greycon and Dash Optimization optimization
Field of applied mathematics whose principles and methods are used to solve quantitative problems in disciplines including physics, biology, engineering, and economics. today announce that the recently released 2004 version of Dash's market leading Xpress-MP optimization software Free and Open Source software
Established in the late 1980s, Greycon is a leading provider of software solutions in Supply Chain Optimisation, Production Planning Production planning
The function of a manufacturing enterprise responsible for the efficient planning, scheduling, and coordination of all production activities. , Finite Capacity Scheduling and Trim Optimization. Greycon is entirely dedicated to developing innovative software for the manufacturing industry. Its corporate aim is to help our customers develop and maintain their competitive advantage by improving management systems and overall performance, through state-of-the-art software products
Greycon and Dash have been working together for many years. The combination of Greycon's exceptional domain knowledge and mathematical modeling
The 2004 version of Xpress-MP is the result of a significant R&D effort over the last 12 months. Many new features have been added which makes the solution of Mixed-Integer Linear Programming (MIP MIP
See: Monthly income preferred security ) faster and more efficient. These include algorithmic improvements (such as better branching and estimation estimation
In mathematics, use of a function or formula to derive a solution or make a prediction. Unlike approximation, it has precise connotations. In statistics, for example, it connotes the careful selection and testing of a function called an estimator. ) and software engineering (such as more efficient execution and memory management). Greycon's problems are very challenging and Dash is very pleased to see that this speed improvement carries over to the most difficult of problems.
Dash is committed to year on year improvements in performance and has consistently achieved increases in speed as determined by the aggregate performance over a wide range of academic and industrial benchmark problems. When taken with improvements in hardware, the last ten years has seen speed improvements of over 3,000 times. To put this into context, a problem that used to take 4 months now takes one hour.
Dr. Constantine Goulimis, Greycon Managing Director, said, "We are delighted with the performance improvements in Xpress-MP 2004. We have a comprehensive internal benchmark consisting of over 400 problems, and we were astonished a·ston·ish
tr.v. as·ton·ished, as·ton·ish·ing, as·ton·ish·es
To fill with sudden wonder or amazement. See Synonyms at surprise. to see that the time taken dropped by more than 35%. Since this includes overheads and computations outside Xpress-MP, it means that improvement in Xpress-MP was even greater than the 35% reduction we observed. In turn, this will enable us to deliver products to our customers that are even more effective. Problems get bigger all the time and customer's expectations increase year by year; optimizer performance is an important part of remaining competitive". Alan Dormer dormer
Window set vertically in a structure that projects from a sloping roof. It often illuminates a bedroom. In the late Gothic and early Renaissance periods, elaborate masonry dormers were designed. , Director of Dash Optimization adds, "We have invested a lot in Xpress-MP 2004 in terms of development, testing and benchmarking and we are very pleased with the end product. We are confident that many more of our customers will share Greycon's recent experience".
Greycon is a leading provider of supply chain optimization Supply Chain Optimization is the application of processes and tools to ensure the optimal operation of a manufacturing and distribution supply chain. This includes the optimal placement of inventory within the supply chain, minimizing operating costs (including manufacturing costs, solutions to the flat sheet industries, in particularly the paper, film, printing and converting industries. Our trim optimization solution, X-Trim (R), which uses Xpress-MP has been adopted by more than 200 installations world-wide, in all continents, except Antarctica.
For more information on Greycon see www.greycon.com or contact Constantine Goulimis, at cng@Greycon.com.
About Dash Optimization
With its leading edge Xpress-MP optimization software, Dash has been at the forefront of optimization software development for more than fifteen years. Dash concentrates exclusively on software products and provides optimization software and components to end users, consultants and value-added resellers A value-added reseller (VAR) is a company that adds some feature(s) to an existing product(s), then resells it (usually to end-users) as an integrated product or complete "turn-key" solution. , such as systems integrators and solution providers.
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 In computer science, an optimization problem is the problem of finding the best solution from all feasible solutions. More formally, an optimization problem is a quadruple 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, US and Japan. For more information about Dash Optimization visit www.dashoptimization.com.