Some people say that money makes the world go round; others say it’s love. Although there is undoubtedly some truth to those statements, the reality is that — more and more every day — our world today ...

You may have heard the news that two American economists – Paul Milgrom and Robert Wilson – recently won the 2020 Nobel Prize in Economic Sciences "for improvements to auction theory and inventions of ...

Supply chains consist of imperfect humans struggling to make perfect decisions. In the end, though, it all comes down to a game of numbers. That, at least, is the theory behind mathematical ...

Optimization seeks to find the best. It could be to design a process that minimizes capital or maximizes material conversion, to choose operating conditions that maximize throughput or minimize waste, ...

Lucas Downey is the co-founder of MoneyFlows, and an Investopedia Academy instructor. Gordon Scott has been an active investor and technical analyst or 20+ years. He is a Chartered Market Technician ...