Download or read book Optimisation of Production Under Uncertainty written by Svend Rasmussen and published by Springer Science & Business Media. This book was released on 2011-07-23 with total page 83 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book provides a short review of the classical approach to planning and decision making under uncertainty. It further explains the concept of state-contingent goods, and it extends earlier work on the state-contingent approach to describing production under uncertainty to the problems involved in optimising production under uncertainty.
Download or read book Production Economics written by Svend Rasmussen and published by Springer Science & Business Media. This book was released on 2012-08-04 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book covers the basic theory of how, what and when firms should produce to maximise profits. Based on the neoclassical theory of the firm presented in most general microeconomic textbooks, it extends the general treatment and focuses on the application of the theory to specific problems that the firm faces when making production decisions to maximise profits. Increasing level of government regulation and the use of specialised and often very expensive equipment in modern production motivates the following focus areas: 1) How to optimise production under restrictions., 2) Treatment of fixed inputs and the process of input fixation, 3) Optimisation of production over time, 4) Linear and Mixed Integer Programming as tools for optimisation in practice. This updated second edition includes a more comprehensive introduction to the theory of decision making under risk and uncertainty as well as a new chapter on how to use linear programming to generate the supply function of the firm.
Download or read book Supply Chain Optimization under Uncertainty written by Barrie M. Cole and published by Vernon Press. This book was released on 2014-12-15 with total page 383 pages. Available in PDF, EPUB and Kindle. Book excerpt: Drawing on cutting-edge research, this book proposes a new 'Supply Chain Optimization under Uncertainty’, technology. Its application can bring many proven benefits to supply chain entities, any associated service providers, and, of course, the customers. The technology can provide the best design and operating solution for a Supply Chain Network (SCN) that is subject to any prevailing conditions of Operational Uncertainty (OU). A SCN is defined as a network of production facilities, distribution centers and retail sales outlets. OU is defined as any relevant combination of i) multiple process objectives e.g. a business needs to maximize operating profits and to minimize inventory levels, ii) fuzziness (<, <=, >, or >=) e.g. sales <= 1500 t/mth and iii) probability e.g. sale of fertilizer is dependent on probabilistic rainfall. Following this method always enables the determination of realistic optimum supply chain solutions, since the effects of any operational uncertainties are always provided for. The book is arranged in two parts. The first part covers the theory and recent research into supply chain optimization under uncertainty. The second part documents the application of the newly proposed technology to an agricultural fertilizer’s (NPK, South Africa) supply chain.
Download or read book Modelling and Intelligent Optimisation of Production Scheduling in VCIM Systems written by Son Duy Dao and published by Springer. This book was released on 2017-12-27 with total page 158 pages. Available in PDF, EPUB and Kindle. Book excerpt: This thesis reports on an innovative production-scheduling model for virtual computer-integrated manufacturing (VCIM) systems. It also describes a robust genetic algorithm for production scheduling in VCIM systems. The model, which is the most comprehensive of its kind to date, is not only capable of supporting collaborative shipment scheduling and handling multiple product orders simultaneously, but also helps cope with multiple objective functions under uncertainties. In turn, the genetic algorithm, characterised by an innovative algorithm structure, chromosome encoding, crossover and mutation, is capable of searching for optimal/suboptimal solutions to the complex optimisation problem in the VCIM production- scheduling model described. Lastly, the effectiveness of the proposed approach is verified in a comprehensive case study.
Download or read book Optimization Under Uncertainty with Applications to Aerospace Engineering written by Massimiliano Vasile and published by Springer Nature. This book was released on 2021-02-15 with total page 573 pages. Available in PDF, EPUB and Kindle. Book excerpt: In an expanding world with limited resources, optimization and uncertainty quantification have become a necessity when handling complex systems and processes. This book provides the foundational material necessary for those who wish to embark on advanced research at the limits of computability, collecting together lecture material from leading experts across the topics of optimization, uncertainty quantification and aerospace engineering. The aerospace sector in particular has stringent performance requirements on highly complex systems, for which solutions are expected to be optimal and reliable at the same time. The text covers a wide range of techniques and methods, from polynomial chaos expansions for uncertainty quantification to Bayesian and Imprecise Probability theories, and from Markov chains to surrogate models based on Gaussian processes. The book will serve as a valuable tool for practitioners, researchers and PhD students.
Download or read book Robust Optimization written by Aharon Ben-Tal and published by Princeton University Press. This book was released on 2009-08-10 with total page 565 pages. Available in PDF, EPUB and Kindle. Book excerpt: Robust optimization is still a relatively new approach to optimization problems affected by uncertainty, but it has already proved so useful in real applications that it is difficult to tackle such problems today without considering this powerful methodology. Written by the principal developers of robust optimization, and describing the main achievements of a decade of research, this is the first book to provide a comprehensive and up-to-date account of the subject. Robust optimization is designed to meet some major challenges associated with uncertainty-affected optimization problems: to operate under lack of full information on the nature of uncertainty; to model the problem in a form that can be solved efficiently; and to provide guarantees about the performance of the solution. The book starts with a relatively simple treatment of uncertain linear programming, proceeding with a deep analysis of the interconnections between the construction of appropriate uncertainty sets and the classical chance constraints (probabilistic) approach. It then develops the robust optimization theory for uncertain conic quadratic and semidefinite optimization problems and dynamic (multistage) problems. The theory is supported by numerous examples and computational illustrations. An essential book for anyone working on optimization and decision making under uncertainty, Robust Optimization also makes an ideal graduate textbook on the subject.
Download or read book The Analytics of Uncertainty and Information written by Sushil Bikhchandani and published by Cambridge University Press. This book was released on 2013-08-12 with total page 509 pages. Available in PDF, EPUB and Kindle. Book excerpt: There has been explosive progress in the economic theory of uncertainty and information in the past few decades. This subject is now taught not only in departments of economics but also in professional schools and programs oriented toward business, government and administration, and public policy. This book attempts to unify the subject matter in a simple, accessible manner. Part I of the book focuses on the economics of uncertainty; Part II examines the economics of information. This revised and updated second edition places a greater focus on game theory. New topics include posted-price markets, mechanism design, common-value auctions, and the one-shot deviation principle for repeated games.
Download or read book Intelligent Production and Manufacturing Optimisation The Bees Algorithm Approach written by Duc Truong Pham and published by Springer Nature. This book was released on 2022-11-19 with total page 397 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is the first work dedicated to the Bees Algorithm. Following a gentle introduction to the main ideas underpinning the algorithm, the book presents recent results and developments relating to the algorithm and its application to optimisation problems in production and manufacturing. With the advent of the Fourth Industrial Revolution, production and manufacturing processes and systems have become more complex. To obtain the best performance from them requires efficient and effective optimisation techniques that do not depend on the availability of process or system models. Such models are usually either not obtainable or mathematically intractable due to the high degrees of nonlinearities and uncertainties in the processes and systems to be represented. The Bees Algorithm is a powerful swarm-based intelligent optimisation metaheuristic inspired by the foraging behaviour of honeybees. The algorithm is conceptually elegant and extremely easy to apply. All it needs to solve an optimisation problem is a means to evaluate the quality of potential solutions. This book demonstrates the simplicity, effectiveness and versatility of the algorithm and encourages its further adoption by engineers and researchers across the world to realise smart and sustainable manufacturing and production in the age of Industry 4.0 and beyond.
Download or read book Optimization in Industry written by Shubhabrata Datta and published by Springer. This book was released on 2018-11-03 with total page 355 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book describes different approaches for solving industrial problems like product design, process optimization, quality enhancement, productivity improvement and cost minimization. Several optimization techniques are described. The book covers case studies on the applications of classical as well as evolutionary and swarm optimization tools for solving industrial issues. The content is very helpful for industry personnel, particularly engineers from the Operation, R&D and Quality Assurance sectors, and also the academic researchers of different engineering and/or business administration background.
Download or read book Proceedings of the 27th International Symposium on Mine Planning and Equipment Selection MPES 2018 written by Eleonora Widzyk-Capehart and published by Springer. This book was released on 2019-02-21 with total page 559 pages. Available in PDF, EPUB and Kindle. Book excerpt: This proceedings book presents research papers discussing the latest developments and findings in the fields of mining, machinery, automation and environmental protection. It includes contributions from authors from over 20 countries, with backgrounds in computer science, mining engineering, technology and management, and hailing from the government, industry and academia. It is of interest to scientists, engineers, consultants and government staff who are responsible for the development and implementation of innovative approaches, techniques and technologies in the mineral industries. Covering the latest advances in fundamental research, it also appeals to academic researchers.
Download or read book Optimisation Models and Methods in Energy Systems written by Carlos Henggeler Antunes and published by MDPI. This book was released on 2019-08-06 with total page 194 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a printed edition of the Special Issue Optimisation Models and Methods in Energy Systems that was published in Energies
Download or read book A Robust Neutrosophic Modeling and Optimization Approach for Integrated Energy Food Water Security Nexus Management under Uncertainty written by Firoz Ahmad and published by Infinite Study. This book was released on with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: Natural resources are a boon for human beings, and their conservation for future uses is indispensable. Most importantly, energy-food-water security (EFWS) nexus management is the utmost need of our time. An effective managerial policy for the current distribution and conservation to meet future demand is necessary and challenging. Thus, this paper investigates an interconnected and dynamic EFWS nexus optimization model by considering the socio-economic and environmental objectives with the optimal energy supply, electricity conversion, food production, water resources allocation, and CO2 emissions control in the multi-period time horizons. Due to real-life complexity, various parameters are taken as intuitionistic fuzzy numbers.
Download or read book Uncertainty Production Choice and Agency written by Robert G. Chambers and published by Cambridge University Press. This book was released on 2000-09-18 with total page 396 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents a justification of the state-contingent approach to the economics of uncertainty.
Download or read book New Trends in the Use of Artificial Intelligence for the Industry 4 0 written by Luis Romeral Martinez and published by BoD – Books on Demand. This book was released on 2020-03-25 with total page 214 pages. Available in PDF, EPUB and Kindle. Book excerpt: Industry 4.0 is based on the cyber-physical transformation of processes, systems and methods applied in the manufacturing sector, and on its autonomous and decentralized operation. Industry 4.0 reflects that the industrial world is at the beginning of the so-called Fourth Industrial Revolution, characterized by a massive interconnection of assets and the integration of human operators with the manufacturing environment. In this regard, data analytics and, specifically, the artificial intelligence is the vehicular technology towards the next generation of smart factories.Chapters in this book cover a diversity of current and new developments in the use of artificial intelligence on the industrial sector seen from the fourth industrial revolution point of view, namely, cyber-physical applications, artificial intelligence technologies and tools, Industrial Internet of Things and data analytics. This book contains high-quality chapters containing original research results and literature review of exceptional merit. Thus, it is in the aim of the book to contribute to the literature of the topic in this regard and let the readers know current and new trends in the use of artificial intelligence for the Industry 4.0.
Download or read book Proceedings of the 17th International Conference on Industrial Engineering and Industrial Management ICIEIM XXVII Congreso de Ingenier a de Organizaci n CIO2023 written by Joaquín Bautista-Valhondo and published by Springer Nature. This book was released on with total page 540 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Handbook of Formal Optimization written by Anand J. Kulkarni and published by Springer Nature. This book was released on with total page 1406 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Optimization of Integrated Supply Chain Planning under Multiple Uncertainty written by Juping Shao and published by Springer. This book was released on 2015-05-27 with total page 197 pages. Available in PDF, EPUB and Kindle. Book excerpt: The subject of this book is supply chain logistics planning optimization under multiple uncertainties, the key issue in supply chain management. Focusing on the strategic-alliance three-level supply chain, the model of supply chain logistics planning was established in terms of the market prices and the market requirements as random variables of manufactured goods with random expected value programming theory, and the hybrid intelligence algorithm solution model was designed. Aiming at the decentralized control supply chain, in which the nodes were unlimited expansion, the chance-constrained stochastic programming model was created in order to obtain optimal decision-making at a certain confidence level. In addition, the hybrid intelligence algorithm model was designed to solve the problem of supply chain logistics planning with the prices of the raw-materials supply market of the upstream enterprises and the prices of market demand for products of the downstream enterprises as random variables in the supply chain unit. Aimed at the three-stage mixed control supply chain, a logistics planning model was designed using fuzzy random programming theory with customer demand as fuzzy random variables and a hybrid intelligence algorithm solution was created. The research has significance both in theory and practice. Its theoretical significance is that the research can complement and perfect existing supply chain planning in terms of quantification. Its practical significance is that the results will guide companies in supply chain logistics planning in the uncertain environment.
