Optimisation

1. Treasury - corporate finance - risk management.

Strictly, optimisation is a process of creating the best possible combination of conditions to achieve a particular objective.

Black swan author sceptical of optimisation

"You have to avoid optimization.

That is quite critical for someone who is doing finance to understand because it goes counter to everything you learn in portfolio theory....

I have always been very sceptical of any form of optimization. In the black swan world, optimization isn't possible.

The best you can achieve is a reduction in fragility and greater robustness."

Living with Black Swans - Nassim Nicholas Taleb.

2. Treasury - corporate finance - risk management - operations.

More broadly, optimisation is a process of making changes to improve results.

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