How can simulations optimize energy consumption in OR domains?
Energy consumption is a critical factor in many operations research (OR) domains, such as manufacturing, logistics, transportation, and smart grids. Reducing energy costs and environmental impacts can improve the efficiency and sustainability of OR systems. However, finding the optimal energy management strategies can be challenging, as there are many uncertainties, constraints, and trade-offs involved. Simulations can help OR practitioners to test, compare, and optimize different scenarios and solutions for energy consumption in their domains. In this article, you will learn how simulations can benefit OR domains in terms of energy consumption, what types of simulations are available, and how to design and implement them effectively.