IBM ILOG CPLEX Optimization Studio vs. MATLAB

It is well suited for solving large-sized, mixed-integer, and integer programming problems. Now, the new version supports for Multi-Objective optimization along with some new algorithms such as Benders Decomposition. It is less appropriate for quadratic programming problems where the objective function is the product of multiple variables. However, it's very easy to code any problem.

MATLAB really does best for solving computational problems in math and engineering. Especially when you have to use a lot of functions in your solving process, or if you have a nonlinear equation that must be iteratively solved. [MATLAB] can also perform things like integration and derivation on your equations that you put into it.

Incentivized

• Linear Programming
• Mixed-Integer Linear Programming
• Non-Linear Convex-Optimization
• Visualization
• Shadow Price Analysis
• Parameter Tuning

• It has a very user friendly library which helps users learn this software fairly quickly in a short span of time.
• The graphical user interface provided by the software is really good.
• The code that a person writes allows options for debugging.
• One can visualize the flow of control of their code inside MATLAB.

Incentivized

• Data handling from different sources like Note Pad, etc.
• Large size of MILP problems.
• Various parameters to set.

• MatLab is pricier than most of its competitors and because of this reason, many organizations are moving towards cheaper alternatives - mostly Python.
• MatLab is inefficient when it comes to performing a large number of iterations. It gets laggy and often crashes. Python is better in this regard.
• There is a limited number of hardware options (mostly NI) that can be connected directly to the data acquisition toolbox.

Incentivized

It's nice to use and with good optimization.

MATLAB is pretty easy to use. You can extend its capabilities using the programming interface. Very flexible capabilities when it comes to graphical presentation of your data (so many different kinds of options for your plotting needs). Anytime you are working with large data sets, or with matrices, MATLAB is likely to be very helpful.

Incentivized

Honestly, to say, I never contacted CPLEX but used its forum to know/clarify any issues I faced.

The built-in search engine is not as performing as I wish it would be. However, the YouTube channel has a vast library of informative video that can help understanding the software. Also, many other software have a nice bridge into MATLAB, which makes it very versatile. Overall, the support for MATLAB is good.

Incentivized

IBM CPLEX Optimization Studio covers wide range of problems in comparison to Gurobi and also offers a number of visualization tools for results analysis. It has better customization and parameter tuning options in comparison to Gurobi. It offers various API integrations such as Python, Java and C++ which is not the case with Gurobi.

How MATLAB compares to its competition or similar open access tools like R (programming language) or SciLab is that it's simply more powerful and capable. It embraces a wider spectrum of possibilities for far more fields than any other environment. R, for example, is intended primarily for the area of statistical computing. SciLab, on the other hand, is a similar open access tool that falls very short in its computing capabilities. It's much slower when running larger scripts and isn't documented or supported nearly as well as MATLAB.

Incentivized

• Faster computation leading to better internal customer relations
• Able to solve high variable problems with ease
• Anomaly detection became easier within business

• MATLAB helps us quickly sort through large sets of data because we keep the same script each time we run an analyzation, making it very efficient to run this whole process.
• The software makes it super easy for us to create plots that we can then show to investors or clients to display our data.
• We are also looking to create an app for our product, and we will not be able to do that on MATLAB, therefore creating a limiting issue and a new learning curve for a programming language.

Incentivized