Traditional and Non-Traditional Optimization Techniques to Enhance Reliability in Process Industries

At present, optimization techniques are popular to solve typical engineering problems. It is the action of making the best or most effective use of a situation or resources. In order to survive in the competitive market, each organization has to follow some optimization technique depending on their requirement. In each optimization problem, there is an objective function to minimize or maximize under the given restrictions or constraints. All techniques have their own advantages and disadvantages. Traditional method starts with the initial solution and with each successive iteration converges to the optimal solution. This convergence depends on the selection of initial approximation. These methods are not suited for discontinuous objective function. So, the need of non-traditional method was felt. Some non-traditional methods are called nature-inspired methods. In this chapter, the authors give the description of the optimization techniques along with the comparison of the traditional and non-traditional techniques. Traditional and Non-Traditional Optimization Techniques to Enhance Reliability in Process Industries