What is optimality gap in SAP SCM-IBP-PLA - Planning Framework?

SAP Term: optimality gap

• Component: SCM-IBP-PLA

• Component Name: Planning Framework

• Description: The difference between the objective function value and the objective function bound in optimization. The optimality gap gives an indication on the solution quality. When the gap is 0, optimality was reached.

Smart SAP Assistant

• Key Concepts: 
  Optimality gap is a measure of the difference between the optimal solution and the actual solution in SAP's SCM-IBP-PLA Planning Framework. It is used to evaluate the performance of a given plan and identify areas for improvement. The optimality gap is calculated by subtracting the optimal solution from the actual solution. 
  
  How to use it: 
  The optimality gap can be used to identify areas of improvement in a given plan. It can be used to compare different plans and determine which one is more optimal. Additionally, it can be used to identify potential problems with a plan and suggest solutions. 
  
  Tips & Tricks: 
  When using the optimality gap, it is important to remember that it is only an indicator of potential problems and not a definitive answer. It should be used in conjunction with other measures such as cost analysis and resource utilization to get a more complete picture of a plan's performance. Additionally, it is important to remember that the optimality gap is only applicable to plans that are already in place; it cannot be used to evaluate potential plans or solutions. 
  
  Related Information: 
  The optimality gap is closely related to other measures such as cost analysis and resource utilization. Additionally, it can be used in conjunction with other optimization techniques such as linear programming and constraint programming to further improve a plan's performance.