Coupled arrays of Josephson junctions possess multiple stable zero voltage states. Such states can store information and consequently can be utilized for cryogenic memory applications. Basic memory operations can be implemented by sending a pulse to one of the junctions and studying transitions between the states. In order to be suitable for memory operations, such transitions between the states have to be fast and energy efficient. In this paper we employed simulated annealing, a stochastic optimization algorithm, to study parameter optimization of array parameters which minimizes times and energies of transitions between specifically chosen states that can be utilized for memory operations (Read, Write, and Reset). Simulation results show that such transitions occur with access times on the order of 30 -100 ps and access energies on the order of 10 -19 -5 10 -18 J. Numerical simulations are validated with approximate analytical results. 05.45.Xt, 85.25.Cp, 85.25.Hv Recently we introduced a simple memory paradigm based on the existence of multiple stable states present in a large variety of nonlinear systems [8,9]. The transitions between those states act as basic memory cell operations (Write, Read, and Reset). The paradigm presented in references 8 and 9 is