This document discusses code optimization techniques performed by compilers. It describes how compilers apply transformations called optimizations to improve code performance and reduce code size. These optimizations are performed in multiple phases including at the source code level, intermediate code level, and target code level. Specific optimization techniques discussed include redundant instruction elimination, constant folding, algebraic transformations, copy propagation, common subexpression elimination, dead code elimination, and loop optimizations such as induction variable elimination and strength reduction.