Introduction to SOPS

This video gives an introduction to the SOPS product.

 

SOPS stands for Stochastic Optimisation in Policy Space. 


Stochastic Optimisation in Policy Space (SOPS)

Develop and test simulation models in Powersim Studio:

  1. Focus on a problem that you want to solve - in business, engineering, resource management etc.
  2. Test your ideas about what causes the problem.
  3. Once you have a good idea about cause and effect, explore policies to solve the problem.

SOPS represents user friendly software for optimization. 

Knowledge of one or more of the following is always useful, however not needed to use SOPS:

  • optimal control theory
  • maximum principle
  • reinforcement learning
  • machine learning
  • genetic algorithms
  • operations research
  • Markov chains
  • Markov decision processes
  • nonlinearity
  • dynamics
  • differential equations
  • discrete time models
  • global optimum
  • mathematical programming
  • objective functions or criteria
  • applied mathematics
  • linear programming
  • nonlinear programming
  • Bayesian decision theory
  • Kalman filtering
  • and gradient methods

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