Difference between optimization and satisfice
optimization
Definitions
noun
- the act of rendering optimal
Examples
The results of of this paper can be readily applied to performance and design optimization.
Software pipelining is a loop optimization technique used to exploit instruction level parallelism.
This paper discusses multiple objective parameter optimization under a certain constraint condition through genetic algorithm.
satisfice
Definitions
verb
- decide on and pursue a course of action satisfying the minimum requirements to achieve a goal
Examples
When you satisfice, you don't let an impossible quest for the perfect option destroy your enjoyment of the merely OK.
As Simon pointed out, we usually ‘satisfice’ instead of optimizing difficult problems due to limited time and insight, settling for a solution that is good enough.
optimization requires processes that are more complex than those needed to merely satisfice
