Applications Of Operational Research In Business And Industries
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Operational Research In Business And Economics
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Author : Evangelos Grigoroudis
language : en
Publisher: Springer
Release Date : 2016-07-29
Operational Research In Business And Economics written by Evangelos Grigoroudis and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-07-29 with Business & Economics categories.
This book gathers a selection of refereed papers presented at the 4th International Symposium and 26th National Conference of the Hellenic Operational Research Society. It highlights recent scientific advances in operational research and management science (OR/MS), with a focus on linking OR/MS with other areas of quantitative methods in a multidisciplinary framework. Topics covered include areas such as business process modeling, supply chain management, organization performance and strategy planning, revenue management, financial applications, production planning, metaheuristics, logistics, inventory systems, and energy systems.
Operations Research
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Author : Col. D. S. Cheema
language : en
Publisher: Firewall Media
Release Date : 2005
Operations Research written by Col. D. S. Cheema and has been published by Firewall Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Business & Economics categories.
Handbook Of Operations Research In Agriculture And The Agri Food Industry
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Author : Lluis M. Plà-Aragonés
language : en
Publisher: Springer
Release Date : 2015-04-28
Handbook Of Operations Research In Agriculture And The Agri Food Industry written by Lluis M. Plà-Aragonés and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-04-28 with Business & Economics categories.
The scope of this book is Operations Research methods in Agriculture and a thorough discussion of derived applications in the Agri-food industry. The book summarizes current research and practice in this area and illustrates the development of useful approaches to deal with actual problems arising in the agriculture sector and the agri-food industry. This book is intended to collect in one volume high quality chapters on Methods and Applications in Agriculture and Agri-food industry considering both theoretical issues and application results. Methods applied to problems in agriculture and the agri-food industry include, but are not restricted to, the following themes: Dynamic programming Multi-criteria decision methods Markov decision processes Linear programming Stochastic programming Parameter estimation and knowledge acquisition Learning from data Simulation Descriptive and normative decision tree techniques, including: agent modelling and simulation, and state of the art surveys Each chapter includes some standard and traditional methodology but also some recent research advances. All the applications presented in the chapters have been inspired and motivated by the demands from the agriculture and food production areas.
Operations Research Using Excel
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Author : Vikas Singla
language : en
Publisher: CRC Press
Release Date : 2021-09-16
Operations Research Using Excel written by Vikas Singla and has been published by CRC Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-09-16 with Technology & Engineering categories.
The field of operations research provides a scientific approach to managerial decision making. In a contemporary, hypercompetitive ever-changing business world, a manager needs quantitative and factual ways of solving problems related to optimal allocation of resources, profit/loss, maximization/minimization etc. In this endeavor, the subject of doing research on how to manage and make operations efficient is termed as Operations Research. The reference text provides conceptual and analytical knowledge for various operations research techniques. Readers, especially students of this subject, are skeptic in dealing with the subject because of its emphasis on mathematics. However, this book has tried to remove such doubts by focusing on the application part of OR techniques with minimal usage of mathematics. The attempt was to make students comfortable with some complicated topics of the subject. It covers important concepts including sensitivity analysis, duality theory, transportation solution method, Hungarian algorithm, program evaluation and review technique and periodic review system. Aimed at senior undergraduate and graduate students in the fields of mechanical engineering, civil engineering, industrial engineering and production engineering, this book: • Discusses extensive use of Microsoft Excel spreadsheets and formulas in solving operations research problems • Provides case studies and unsolved exercises at the end of each chapter • Covers industrial applications of various operations research techniques in a comprehensive manner • Discusses creating spreadsheets and using different Excel formulas in an easy-to-understand manner • Covers problem-solving procedures for techniques including linear programming, transportation model and game theory
Operations Research In The Airline Industry
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Author : Gang Yu
language : en
Publisher: Springer Science & Business Media
Release Date : 1997-12-31
Operations Research In The Airline Industry written by Gang Yu and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997-12-31 with Business & Economics categories.
260 2 Crew Legalities and Crew Pairing Repair 264 3 Model and Mathematical Formulation 266 4 Solution Methodology 271 5 Computational Experiences 277 6 Conclusion 285 REFERENCES 286 10 THE USE OF OPTIMIZATION TO PERFORM AIR TRAFFIC FLOW MANAGEMENT Kenneth Lindsay, E. Andrew Boyd, George Booth, and Charles Harvey 287 1 Introduction 288 2 The Traffic Flow Management (TFM) Problem 289 3 Recent TFM Optimization Models 292 4 The Time Assignment Model (TAM) 302 5 Summary and Conclusions 307 REFERENCES 309 11 THE PROCESSES OF AIRLINE SYSTEM OPERATIONS CONTROL Seth C. Grandeau, Michael D. Clarke, and Dennis F.X. Mathaisel 312 1 Introduction 313 2 The Four Phases of Airline Schedule Development 315 The Airline Operations Control Center (OCC) 3 320 4 Analysis of Operational Problems 331 5 Areas For Improvement 352 6 Case Study: PT Garuda Indonesia Airlines 357 REFERENCES 368 12 THE COMPLEX CONFIGURATION MODEL Bruce W. Patty and Jim Diamond 370 1 Introduction 370 Problem Description 2 371 Problem Formulation 3 375 4 Model Implementation 379 ix Contents 383 5 Summary REFERENCES 383 13 INTEGRATED AIRLINE SCHEDULE PLANNING Cynthia Barnhart, Fang Lu, and Rajesh Shenoi 384 1 Introduction 385 2 Fleet Assignment and Crew Pairing Problems: Existing M- els and Algorithms 388 3 An Integrated Approximate Fleet Assignment and Crew Pa- ing Model 393 4 An Advanced Integrated Solution Approach 395 5 Case Study 396 6 Conclusions and Future Research Directions 399 REFERENCES 401 14 AIRLINE SCHEDULE PERTURBATION PROBLEM: LANDING AND TAKEOFF WITH
Applications Of Operational Research In Business And Industries
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Author : Angappa Gunasekaran
language : en
Publisher:
Release Date : 2023
Applications Of Operational Research In Business And Industries written by Angappa Gunasekaran and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023 with categories.
Effective decision-making while trading off the constraints and conflicting multiple objectives under rapid technological developments, massive generation of data, and extreme volatility is of paramount importance to organizations to win over the time-based competition today. While agility is a crucial issue, the firms have been increasingly relying on evidence-based decision-making through intelligent decision support systems driven by computational intelligence and automation to achieve a competitive advantage. The decisions are no longer confined to a specific functional area. Instead, business organizations today find actionable insight for formulating future courses of action by integrating multiple objectives and perspectives. Therefore, multi-objective decision-making plays a critical role in businesses and industries. In this regard, the importance of Operations Research (OR) models and their applications enables the firms to derive optimum solutions subject to various constraints and/or objectives while considering multiple functional areas of the organizations together. Hence, researchers and practitioners have extensively applied OR models to solve various organizational issues related to manufacturing, service, supply chain and logistics management, human resource management, finance, and market analysis, among others. Further, OR models driven by AI have been enabled to provide intelligent decision-support frameworks for achieving sustainable development goals. The present issue provides a unique platform to showcase the contributions of the leading international experts on production systems and business from academia, industry, and government to discuss the issues in intelligent manufacturing, operations management, financial management, supply chain management, and Industry 4.0 in the Artificial Intelligence era. Some of the general (but not specific) scopes of this proceeding entail OR models such as Optimization and Control, Combinatorial Optimization, Queuing Theory, Resource Allocation Models, Linear and Nonlinear Programming Models, Multi-objective and multi-attribute Decision Models, Statistical Quality Control along with AI, Bayesian Data Analysis, Machine Learning and Econometrics and their applications vis-à-vis AI & Data-driven Production Management, Marketing and Retail Management, Financial Management, Human Resource Management, Operations Management, Smart Manufacturing & Industry 4.0, Supply Chain and Logistics Management, Digital Supply Network, Healthcare Administration, Inventory Management, consumer behavior, security analysis, and portfolio management and sustainability. The present issue shall be of interest to the faculty members, students, and scholars of various engineering and social science institutions and universities, along with the practitioners and policymakers of different industries and organizations.
Operations Research
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Author : Kuodi Jian
language : en
Publisher: BoD – Books on Demand
Release Date : 2016-12-28
Operations Research written by Kuodi Jian and has been published by BoD – Books on Demand this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-12-28 with Mathematics categories.
This book is dedicated to operations research of broad applications, such as improving informational bases of performance measurement with grey relational analysis, application of lean methodologies in a neurosurgery high dependency unit, iteration algorithms in Markov decision processes with state-action-dependent discount factors and unbounded costs, financial feasibility analysis of Natura Rab business case study, and mathematical modeling of isothermal drying and its potential application in the design of the industrial drying regimes of clay products.Operations research is an important topic. In addition to its obvious benefits of winning a war, making most profit in a business endeavor, and constructing a correct mathematical model, it also provides a tool for efficient use of natural resources. Furthermore, both theory and practice of operations research and its related concepts are covered in the book, and a reader can benefit from this balanced coverage.
Operations Research
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Author : P. Rama Murthy
language : en
Publisher: New Age International
Release Date : 2007
Operations Research written by P. Rama Murthy and has been published by New Age International this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with Mathematics categories.
Operations Research
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Author : H. A. Eiselt
language : en
Publisher: Springer Science & Business Media
Release Date : 2010-05-17
Operations Research written by H. A. Eiselt and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-05-17 with Business & Economics categories.
Since the 1960s, operations research (or, alternatively, management science) has become an indispensable tool in scientific management. In simple words, its goal on the strategic and tactical levels is to aid in decision making and, on the operational level, automate decision making. Its tools are algorithms, procedures that create and improve solutions to a point at which optimal or, at least, satisfactory solutions have been found. While many texts on the subject emphasize methods, the special focus of this book is on the applications of operations research in practice. Typically, a topic is introduced by means of a description of its applications, a model is formulated and its solution is presented. Then the solution is discussed and its implications for decision making are outlined. We have attempted to maximize the understanding of the topics by using intuitive reasoning while keeping mathematical notation and the description of techniques to a minimum. The exercises are designed to fully explore the material covered in the chapters, without resorting to mind-numbing repetitions and trivialization.
Operations Research Calculations Handbook Second Edition
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Author : Dennis Blumenfeld
language : en
Publisher: CRC Press
Release Date : 2009-12-23
Operations Research Calculations Handbook Second Edition written by Dennis Blumenfeld and has been published by CRC Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-12-23 with Technology & Engineering categories.
A handbook in the truest sense of the word, the first edition of the Operations Research Calculations Handbook quickly became an indispensible resource. While other books available tend to give detailed information about specific topics, this one contains comprehensive information and results useful for real-world problem solving. Reflecting the breadth and depth of growth in the field, the scope of the second edition has been expanded to cover several additional topics. And as with the first edition, it focuses on presenting analytical results and formulas that allow quick calculations and provide understanding of system models. See what’s in the Second Edition: New chapters include Order Statistics, Traffic Flow and Delay, and Heuristic Search Methods New sections include Distance Norms, Hyper-Exponential and Hypo-Exponential Distributions Newly derived formulas and an expanded reference list Like its predecessor, the new edition of this handbook presents the analytical results and formulas needed in the scientific applications of operations research and management. It continues to provide quick calculations and insight into system performance. Presenting practical results and formulas without derivations, the material is organized by topic and offered in a concise format that allows ready-access to a wide range of results in a single volume. The field of operations research encompasses a growing number of technical areas, and uses analyses and techniques from a variety of branches of mathematics, statistics, and other scientific disciplines. And as the field continues to grow, there is an even greater need for key results to be summarized and easily accessible in one reference volume. Yet many of the important results and formulas are widely scattered among different textbooks and journals and are often hard to find in the midst of mathematical derivations. This book provides a one-stop resource for many important results and formulas needed in operations research and management science applications.