Supply Chain Management
Simulated annealing is a probabilistic optimization technique that mimics the physical process of heating and slowly cooling a material to minimize its energy state. This approach is particularly useful for solving complex problems where finding the global optimum is challenging, as it allows for exploration of the solution space by accepting not only improvements but also some deterioration in solutions, especially in the early stages. By gradually reducing the likelihood of accepting worse solutions, simulated annealing converges towards a more optimal solution as it 'cools'.
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