We consider the prospect of a processor that can perform interval arithmetic at the same speed as conventional floating-point arithmetic. This makes it possible for all arithmetic to be performed with the superior security of interval methods without any penalty in speed. In such a situation the IEEE floating-point standard needs to be compared with a version of floating-point arithmetic that is ideal for the purpose of interval arithmetic. Such a comparison requires a succinct and complete exposition of interval arithmetic according to its recent developments. We present such an exposition in this paper. We conclude that the directed roundings toward the infinities and the definition of division by the signed zeros are valuable features of the standard. Because the operations of interval arithmetic are always defined, exceptions do not arise. As a result neither Nans nor exceptions are needed. Of the status flags, only the inexact flag may be useful. Denormalized numbers seem to have no use for interval arithmetic; in the use of interval constraints, they are a handicap.
List of Figures. List of Tables. Preface. 1. Preliminaries. 2. Software Environments. 3. On Preconditioning. 4. Verified Solution of Nonlinear Systems. 5. Optimization. 6. Non-Differentiable Problems. 7. Use of Intermediate Quantities in the Expression Values. References. Index.  Employing a closed set-theoretic foundation for interval computations, Global Optimization Using Interval Analysis simplifies algorithm construction and increases generality of interval arithmetic. This Second Edition contains an up-to-date discussion of interval methods for solving systems of nonlinear equations and global optimization problems. It expands and improves various aspects of its forerunner and features significant new discussions, such as those on the use of consistency methods to enhance algorithm performance. Provided algorithms are guaranteed to find and bound all solutions to these problems despite bounded errors in data, in approximations, and from use of rounded arithmetic.