Software optimizes business efficiency and decision making.
Share:
Press Release Summary:
With Mixed Integer Programming, ILOG CPLEX® 11 addresses complex real-world business requirements. Program allows businesses to calculate best utilization of existing resources and implement action plan. Software is used to solve optimization problems in industries such as financial services, transportation, and manufacturing in functions ranging from asset management and airline crew scheduling to vehicle routing and production planning.
Original Press Release:
ILOG CPLEX 11 Delivers Breakthrough Optimization Performance
Innovations Address Increasing Complexity of Real-World Business Requirements
PARIS and SUNNYVALE, Calif., Nov. 1 /ILOG(R) (NASDAQ:ILOG) (Euronext: ILO, ISIN: FR0004042364) today announced ILOG CPLEX(R) 11, the latest version of ILOG's market-leading optimization software with faster Mixed Integer Programming (MIP) performance. The enhanced performance enables the software to address complex real-world business requirements involving larger, more complicated problems that were often unsolvable by previous generations of optimization software. CPLEX 11 is also the first product on the market with the ability to return multiple MIP solutions out-of-the-box, supporting critical decision-making processes, especially in challenging manufacturing or transportation applications, where multiple or alternative plans or schedules must be considered.
ILOG CPLEX, the world's most widely-deployed optimization software, improves business efficiency and decision making by allowing businesses to calculate the best utilization of existing resources and implement an action plan that can potentially deliver millions of dollars in savings. CPLEX is used to solve an array of optimization problems in industries as diverse as financial services, transportation and manufacturing in functions ranging from asset management, airline crew scheduling, vehicle routing and production planning.
"The faster run-times provided by CPLEX 11 allow us to deliver solutions to complex problems more rapidly," said Jack Zinn, Senior Manager, Collaborative Solutions Technology, Verticalnet, Inc. "Coupled with today's multi-core processors and dense memory, we can now solve an increased number of sophisticated client problems in a fraction of the time." Verticalnet is a leading provider of supply-management solutions that enable companies to identify and realize sustained value across the supply management lifecycle.
"CPLEX provides a better solution in terms of quality and speed than other methods, allowing us to solve much larger problems and construct more complicated models," said Ronald Chu, Principal in Operations Research and Decision Science team of American Airlines. "The quantum leap in solution speed renders our business units much more willing to use our models in their decision process."
CPLEX 11 broke performance records in recent benchmark testing - demonstrating processing times 10-times faster, on average, for the most complex business problems, problems that took more than one hour to solve with CPLEX 10. CPLEX's performance increase will mean businesses in the supply chain, manufacturing and logistics markets, among others, can increase the scope of their planning from one region to across regions, turn an overnight batch job into a near real-time application, or complete rapid what-if analysis on a planning problem.
Other key benefits include:
- Solves difficult optimization problems: Leveraging CPLEX 11's industry-leading MIP performance, Operations Research practitioners can solve more complex problems faster, broadening the scope of problems that can be solved and providing more extensive, what-if analysis.
- Adapts easier to business specifications: The increased solving power of CPLEX, along with other enhanced usability features, allows new types of real-time mission-critical applications, and gives users more leeway to adapt and adjust to business needs.
- Provides repeatable results with faster performance on multi-core machines: Embracing multi-core technology, Parallel CPLEX 11 continues to benefit from advances in computing hardware, leveraging the proliferation of multi-core CPUs with enhanced parallel MIP optimization.
"ILOG CPLEX consistently delivers high-quality solutions with consistent run-time performance to real-world optimization problems," said Christer Johnson, Partner, Service Area Leader, SCM Operations Analytics, IBM Global Business Services. "What is even more important is that we have the peace of mind knowing that ILOG CPLEX provides the state-of-the-art optimization computational performance that allows us to develop custom optimization solutions that are tailored to our customers' business problems."
More than 1,000 commercial customers, including 160 members of the Global 500, use ILOG optimization tools, engines and applications to solve the world's most challenging planning and scheduling problems. These customers include APL, BNSF, JR East, Logistics, Maersk, Schneider, SNCF, United Airlines, the United States Postal Service and UPS in transportation and logistics; and Airbus, Coors, Dell, Hansol Paper, Michelin, Mitsubishi Chemicals, Nippon Steel, Nissan, Porsche, Saint Gobain, Thyssen Krupp, and Toyota in manufacturing. ILOG optimization products are also used by a majority of leading Supply Chain Management software vendors including Infor, Manhattan Associates, JDA/Manugistics, Oracle, Red Prairie and SAP, as well as in research programs at over 1,000 universities around the world, making the products the "gold standard" for performance and solution quality in the Operations Research community. For more information, please visit http://www.ilog.com/products/optimization.
About ILOG
ILOG delivers software and services that empower customers to make better decisions faster and manage change and complexity. Over 3,000 corporations and more than 465 leading software vendors rely on ILOG's market-leading business rule management system (BRMS), supply chain and planning and scheduling applications, and optimization and visualization software components, to achieve dramatic returns on investment, create market-defining products and services, and sharpen their competitive edge. ILOG was founded in 1987 and employs more than 850 people worldwide. For more information, please visit http://www.ilog.com/
ILOG is a registered trademark of ILOG S.A. and ILOG, Inc. All other trademarks are the properties of their respective owners.
CONTACT: Monika Raj of ILOG(R), +1-408-991-7128, mraj@ilog.com
Web site: http://www.ilog.com/
http://www.ilog.com/products/optimization
