An overview of methods for optimizing production process performance

Each company struggles with the same question: How can I provide – at the lowest possible costs and with an acceptable delivery time – products or services that add maximum value for my customers? Firms must develop strategic objectives which result in a competitive advantage in the market place. There are many different methods which address this problem. Research method: This article is written in a review style and in this article different methods for production optimization are stated. Findings: The readers of this article will get to know different methods in production optimization and the value of optimization in production and better production performance after using optimization methods. In the end, the future research horizons for the researchers are stated.