Company:OptTek

From HandWiki
OptTek Systems, Inc.
IndustryComputer Software and Services
Founded1996; 28 years ago (1996) in Boulder, Colorado, United States
FoundersJames Kelly, Manuel Laguna, Fred Glover
Headquarters
Boulder, Colorado
,
United States
ProductsOptQuest, OptDef, SimWrapper
Number of employees
30
Websitewww.opttek.com

OptTek Systems, Inc. also known as "OptTek," is a small American business that specializes in optimization software and analytical services for modeling and simulation. Its CEO is James Kelly and it is headquartered in Boulder, Colorado.

History

In the early 1990s through the 2000s, three University of Colorado professors—James Kelly, Manuel Laguna and Fred Glover —worked together to develop new methods for complex optimization models.[1][2][3] These included metaheuristic methodologies and search strategies such as Tabu Search and Scatter Search. In 1992 they created OptTek Systems, Inc. and the OptQuest optimization system, the company’s first core proprietary software technology.[4] OptTek provides software and services in both the commercial and U.S. government sectors.  Much of OptTek’s commercial sales are through channel partnerships with providers of discrete event and Monte Carlo simulation frameworks.[5][6][7][8] OptTek has won many Small Business Innovation Research and Small Business Technology Transfer awards from the US government.[9][10]

Work and Software

With NSF grant funding, the OptTek team developed OptForce, a workforce planning solution.[11] OptForce began in 2005 and uses a combination of simulation, optimization modeling, and predictive analytics to create practical workforce intelligence.

In 2010, OptTek won an SBIR Phase II award to create OptDef, a simulation optimization government use rights tool.[12] It utilizes OptQuest as its base engine and is currently in use across multiple Department of Defense agencies and commands such as the Missile Defense Agency.[12]

SimWrapper provides a full user interface to set up and manage simulation optimization and analysis projects.  SimWrapper interacts with OptQuest to perform optimization, design of experiments, sampling, and batch runs. SimWrapper has a library of analytical and plotting tools to analyze completed model runs and explore model sensitivities.[13]

Partners and Software Tools that Utilize OptQuest

Past Partners

References

  1. ↑ "Fall 2010 Portfolio" (in en). http://viewer.zmags.com/publication/cce7e97c#/cce7e97c/26. 
  2. ↑ "Manuel Laguna". https://scholar.google.com/citations?user=tjJXHngAAAAJ. 
  3. ↑ "James P. Kelly Publications". https://www.researchgate.net/profile/James-Kelly-16. 
  4. ↑ Laguna, M. (2011). OptQuest Optimization of Complex Systems. 
  5. ↑ 5.0 5.1 "For Faster Optimizations - Palisade Knowledge Base". https://kb.palisade.com/index.php?pg=kb.page&id=204. 
  6. ↑ "Optimization Experiment". https://anylogic.help/anylogic/experiments/optimization.html. 
  7. ↑ 7.0 7.1 "Buying Options | Arena Simulation Software" (in en-US). https://www.rockwellautomation.com/en-us/products/software/arena-simulation/buying-options.html. 
  8. ↑ 8.0 8.1 "OptQuest Add-In for Simio for More Powerful Optimization and Analysis | Simio". https://www.simio.com/software/OptQuest.php. 
  9. ↑ "OPTIMIZATION TECHNOLOGIES, INC. | SBIR.gov". https://www.sbir.gov/sbc/opttek-systems-inc. 
  10. ↑ "Optimization Technologies, Inc." (in en). https://govtribe.com/vendors/optimization-technologies-inc-dot-opt-tek-systems-3cjf0. 
  11. ↑ Post, Kimberly S. Johnson | The Denver (2008-05-29). "Boulder-based OptTek focuses on workforce" (in en-US). https://www.denverpost.com/2008/05/29/boulder-based-opttek-focuses-on-workforce/. 
  12. ↑ 12.0 12.1 "OptDef: BMDS-Level Simulation Optimization | SBIR.gov". https://www.sbir.gov/sbirsearch/detail/8339. 
  13. ↑ Ruane, Patrick; Walsh, Patrick; Cosgrove, John (2023-01-01). "Using Simulation Optimization to Improve the Performance of an Automated Manufacturing Line". Procedia Computer Science. 4th International Conference on Industry 4.0 and Smart Manufacturing 217: 630–639. doi:10.1016/j.procs.2022.12.259. ISSN 1877-0509. https://www.sciencedirect.com/science/article/pii/S1877050922023377. 
  14. ↑ (in en) Simulation optimization with OptQuest, https://www.youtube.com/watch?v=II2k4EmLTAc, retrieved 2023-12-26 
  15. ↑ "Simulation Optimization" (in en-US). https://www.flexsim.com/videos/simulation-optimization/. 
  16. ↑ "OptQuest" (in en-US). https://www.flexsim.com/optquest/. 
  17. ↑ (in en) OptQuest Feature Spotlight, https://www.youtube.com/watch?v=C4UWM277Ml4, retrieved 2023-12-26 
  18. ↑ "SIMPROCESS Add-on - OptQuest". http://76.12.170.97/products/optquest_add_on.html. 
  19. ↑ Software, Vose. "Vose Software" (in en). http://www.vosesoftware.com/. 

External links


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