Comment by graycat

Comment by graycat 2 days ago

2 replies

NP-hard is really hard, but it is hard for (a) polynomial running time, (b) for exact solutions, (c) on worst case problems.

One might suspect that fast enough on specific problems for approximate solutions that still make/save a lot of money might also be welcome. Ah, perhaps not!

E.g., in NYC, two guys had a marketing resource allocation problem, tried simulated annealing, and ran for days before giving up.

They sent me the problem statement via email, and in one week I had the software written and in the next week used the IBM OSL (Optimization Subroutine Library) and some Lagrangian relaxation. In 500 primal-dual iterations with

600,000 variables

40,000 constraints

found a feasible solution within 0.025% of optimality.

So, I'd solved their problem (for practical purposes, the 0.025% has to count as a solving) for free.

They were so embarrassed they wanted nothing to do with me. We never got to where I set a price for my work.

The problem those two guys had was likely that, if they worked with me, then I would understand their customers and, then, beat the guys and take their customers. There in NYC, that happened a second time.

If a guy is in, say, the auto business, and needs a lawyer, the guy might want the best lawyer but will not fear that the lawyer will enter the auto business as a powerful competitor. Similarly for a good medical doctor.

For an optimization guy saving, say, 5% of the operating costs of a big business, say, $billion in revenue a year, all the management suite will be afraid of the guy getting too much power and work to get him out -- Goal Subordination 101 or just fighting to retain position in the tribe.

After having some grand successes in applied math where other people had the problem but then being afraid that I would be too powerful, I formulated:

If some technical, computing, math, etc. idea you have is so valuable, then start your own business exploiting that idea -- of course, need a suitable business for the idea to be powerful.

aleph_minus_one a day ago

> If a guy is in, say, the auto business, and needs a lawyer, the guy might want the best lawyer but will not fear that the lawyer will enter the auto business as a powerful competitor. Similarly for a good medical doctor.

> For an optimization guy saving, say, 5% of the operating costs of a big business, say, $billion in revenue a year, all the management suite will be afraid of the guy getting too much power and work to get him out -- *Goal Subordination 101 or just fighting to retain position in the tribe.

The optimization guy will also not have the infrastructure to compete with the big business. Additionally, the optimization guy will likely not fight for the management position (not every great applied mathematician is a great manager (in my opinion in particular because leadership of employees and office politics are very different skills)).

So, there is no competition: simply pay the optimization guy a great salary and somewhat isolate him from the gory office politics - problem solved, everybody will live in peace.

But this is not what happens in your example; so the only reason that I can imagine is the usual, irrational bullying of nerds that many nerds know from the schoolyard.

loehnsberg a day ago

I would argue that not spending money on it and showing to upper mgmt that the folks they hired can actually get the job done often contributes to an external contractor not getting hired.

You might want to question, why didn‘t you ask the guys for money before starting to work for them. True, but I guess they were of the kind, show me results and then maybe we move on. On the other side, a 30-40k pilot project in this area is not difficult to negotiate if you‘re patient.

It takes so much more to running a business than lower cost with clever math that this step often comes at a later stage when larger companies look for ways to stay competitive, which is when they start to take a look at their accounts and figure that certain cost really stack up. Then you come in. The only real power you would have gotten over that company would have been for those guys getting fired and replaced by a vendor - ideally that‘s you!