Can GoldSim be used for optimization problems?
GoldSim is not an optimization program per se (e.g., you would not use it to carry out a large optimization problem involving thousands of optimization variables). However, it does have a powerful capabilities for globally optimizing a moderate number of decision variables in a dynamic simulation model. For this type of run, you specify an objective function (a specific result that you would like to minimize or maximize), an optional constraint (a condition that must be met), and one or more optimization variables (variables in your model that you have control over). GoldSim then runs the model multiple times, systematically selecting combinations of values for each of the optimization variables. By doing so, GoldSim can determine the values of the optimization variables that optimize (minimize or maximize) the objective function while meeting the specified constraint. Typical uses of GoldSim’s optimization features include: finding the best input data values for a model in order to ma
