FICO Xpress Optimization Suite is part of the FICO Decision Management tools suite. It can be used in conjunction with various FICO applications too. It is used directly with their Marketing product and is embedded in their Decision Optimizer product that can generate optimal rules for their Originations, Customer Management, Collections and Fraud products. Outside of financial services FICO have used Xpress to optimize retail shelf positioning and layout, energy pricing and generation (one of Xpress’ largest markets) and more generally in scheduling, logistics and planning problems.
To tackle any optimization problem you need to model the problem as an optimization problem, solve it, explore the various alternatives before deploying and maintaining the model. Xpress therefore has various features:
Customers include P&G, the NFL, American Airlines, Budget, Avis, amazon.com and a number of OEMs.
The core Xpress tool contains an editor, debugger, profiler, progress graphics, visualization, wizards, Mosel extensions and deployment. Recent releases have improved performance (always a focus for optimization tools) and added support for cloud-based solving. Xpress Insight has a number of capabilities that can be mashed up into a compound user interface: