Abstract

Almost every business or industry faces different challenges which could be solved using mathematical methods, analytical and creative thinking. Decisions that companies make everyday, e.g. how to optimize its activities, how to grow forward, get bigger profit and face less risks, etc. should be based on mathematical calculations and they have the substantial added value for creating new economic opportunities for companies. Workshop of mathematical solutions in business and industry (ESGI) – the first event in Lithuania and the Baltic States during which a team of researchers dedicates one week to solve real-world industry problems using mathematical methods and discussing in teams.