Just before announcing its results last week (CI No 3,338), French software components specialist Ilog SA announced that South Korea’s POSCO Pohang Iron & Steel Ltd, the second-largest steel producer in the world, recording 1996 sales of $11.4bn and consolidated net profit of $698m, has substantially increased production and reduced operating costs with a production system based on the Ilog Optimization Suite. The Ilog-based application is directly responsible for a 20% reduction of our stock, said Jin-Gwon Che. Ilog components provided the code, algorithms and objects needed for our application, which freed our developers to focus their attention on our business-specific requirements for optimizing the Pohang plant, Che said.
