Download or read book Strategic allocation of resources using linear programming model with parametric analysis in MATLAB and Excel Solver written by Dinesh Gupta and published by diplom.de. This book was released on 2014-05-01 with total page 73 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the late 1940s, linear programming models have been used for many different purposes. Airline companies apply these models to optimize their use of planes and staff. NASA has been using them for years to optimize their use of limited resources. Oil companies use them to optimize their refinery operations. Small and medium-sized businesses use linear programming to solve a huge variety of problems, often involving resource allocation. In my study, a typical product-mix problem in a manufacturing system producing two products (each product consists of two sub-assemblies) is solved for ist optimal solution through the use of the latest versions of MATLAB having the command simlp, which is very much like linprog. As analysts, we try to find a good enough solution for the decision maker to make a final decision. Our attempt is to give the mathematical description of the product-mix optimization problem and bring the problem into a form ready to call MATLAB’s simlp command. The objective of this study is to find the best product mix that maximizes profit. The graph obtained using MATLAB commands, give the shaded area enclosed by the constraints called the feasible region, which is the set of points satisfying all the constraints. To find the optimal solution we look at the lines of equal profit to find the corner of the feasible region which yield the highest profit. This corner can be found out at the farthest line of equal profit, which still touches the feasible region. The most critical part is the sensitivity analysis, using Excel Solver, and Parametric Analysis, using computer software, which allows us to study the effect on optimal solution due to discrete and continuous change in parameters of the LP model including to identify bottlenecks. We have examined other options like product outsourcing, one-time cost, cross training of one operator, manufacturing of hypothetical third product on under-utilized machines and optimal sequencing of jobs on machines.
Download or read book Strategic Allocation of Resources Using Linear Programming Model with Parametric Analysis written by Dinesh Gupta and published by GRIN Verlag. This book was released on 2014-03-31 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: Master's Thesis from the year 2013 in the subject Engineering - Industrial Engineering and Management, grade: Good, LMU Munich (Dr. B R Ambedkar National Institute of Technology, Jalandhar), course: Industrial Engg., language: English, abstract: Since the late 1940s, linear programming models have been used for many different purposes. Airline companies apply these models to optimize their use of planes and staff. NASA has been using them for many years to optimize their use of limited resources. Oil companies use them to optimize their refinery operations. Small and medium-sized businesses use linear programming to solve a huge variety of problems, often involving resource allocation. In my study, a typical product-mix problem in a manufacturing system producing two products (each product consists of two sub-assemblies) is solved for its optimal solution through the use of the latest versions of MATLAB having the command simlp, which is very much like linprog. As analysts, we try to find a good enough solution for the decision maker to make a final decision. Our attempt is to give the mathematical description of the product-mix optimization problem and bring the problem into a form ready to call MATLAB’s simlp command. The objective of this paper is to find the best product mix that maximizes profit. The graph obtained using MATLAB commands, give the shaded area enclosed by the constraints called the feasible region, which is the set of points satisfying all the constraints. To find the optimal solution we look at the lines of equal profit to find the corner of the feasible region which yield the highest profit. This corner can be found out at the farthest line of equal profit which still touches the feasible region. The most critical part is the sensitivity analysis using Excel Solver and Parametric Analysis using computer software which allows us to study the effect on optimal solution due to discrete and continuous change in parameters of the LP model including to identify bottlenecks. We have examined other options like product outsourcing, one-time cost, cross training of one operator, manufacturing of hypothetical third product on under-utilized machines and optimal sequencing of jobs on machines.
Download or read book Linear Programming and Resource Allocation Modeling written by Michael J. Panik and published by John Wiley & Sons. This book was released on 2018-11-06 with total page 448 pages. Available in PDF, EPUB and Kindle. Book excerpt: Guides in the application of linear programming to firm decision making, with the goal of giving decision-makers a better understanding of methods at their disposal Useful as a main resource or as a supplement in an economics or management science course, this comprehensive book addresses the deficiencies of other texts when it comes to covering linear programming theory—especially where data envelopment analysis (DEA) is concerned—and provides the foundation for the development of DEA. Linear Programming and Resource Allocation Modeling begins by introducing primal and dual problems via an optimum product mix problem, and reviews the rudiments of vector and matrix operations. It then goes on to cover: the canonical and standard forms of a linear programming problem; the computational aspects of linear programming; variations of the standard simplex theme; duality theory; single- and multiple- process production functions; sensitivity analysis of the optimal solution; structural changes; and parametric programming. The primal and dual problems are then reformulated and re-examined in the context of Lagrangian saddle points, and a host of duality and complementary slackness theorems are offered. The book also covers primal and dual quadratic programs, the complementary pivot method, primal and dual linear fractional functional programs, and (matrix) game theory solutions via linear programming, and data envelopment analysis (DEA). This book: Appeals to those wishing to solve linear optimization problems in areas such as economics, business administration and management, agriculture and energy, strategic planning, public decision making, and health care Fills the need for a linear programming applications component in a management science or economics course Provides a complete treatment of linear programming as applied to activity selection and usage Contains many detailed example problems as well as textual and graphical explanations Linear Programming and Resource Allocation Modeling is an excellent resource for professionals looking to solve linear optimization problems, and advanced undergraduate to beginning graduate level management science or economics students.
Download or read book Strategic Allocation of Resources Using Linear Programming Model with Parametric Analysis in MATLAB and Excel Solver written by Dinesh Gupta and published by Anchor Academic Publishing (aap_verlag). This book was released on 2014-05-27 with total page 77 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the late 1940s, linear programming models have been used for many different purposes. Airline companies apply these models to optimize their use of planes and staff. NASA has been using them for many years to optimize their use of limited resources. Oil companies use them to optimize their refinery operations. Small and medium-sized businesses use linear programming to solve a huge variety of problems, often involving resource allocation. In my study, a typical product-mix problem in a manufacturing system producing two products (each product consists of two sub-assemblies) is solved for its optimal solution through the use of the latest versions of MATLAB having the command simlp, which is very much like linprog. As analysts, we try to find a good enough solution for the decision maker to make a final decision. Our attempt is to give the mathematical description of the product-mix optimization problem and bring the problem into a form ready to call MATLAB’s simlp command. The objective of this study is to find the best product mix that maximizes profit. The graph obtained using MATLAB commands, give the shaded area enclosed by the constraints called the feasible region, which is the set of points satisfying all the constraints. To find the optimal solution we look at the lines of equal profit to find the corner of the feasible region which yield the highest profit. This corner can be found out at the farthest line of equal profit, which still touches the feasible region. The most critical part is the sensitivity analysis, using Excel Solver, and Parametric Analysis, using computer software, which allows us to study the effect on optimal solution due to discrete and continuous change in parameters of the LP model including to identify bottlenecks. We have examined other options like product outsourcing, one-time cost, cross training of one operator, manufacturing of hypothetical third product on under-utilized machines and optimal sequencing of jobs on machines.
Download or read book Resource Allocation Behavior written by Harvey J. Langholtz and published by Springer Science & Business Media. This book was released on 2002-09-30 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite the increasing necessity for information on allocating dwindling resources, resource-allocation behavior is not nearly so well understood as choice behavior (selection from two or more already defined alternatives, events, or lotteries.) Although there have been scores of books devoted to the optimal model for making resource-allocation decisions there has never been a book discussing the cognitive aspects of this behavior. This book answers the question of how people make such decisions while explaining how Linear Programming can be applied within the context of resource-allocation. It also takes the reader step-by-step into several types of problems under varying conditions, including harsh and benign environments, maximization and minimization, multi-dimensional, and cyclical problems.
Download or read book Government Reports Announcements written by and published by . This book was released on 1974 with total page 1000 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book 1976 inter university symposium on renewable resource assessment and programming written by Pacific Southwest Forest and Range Experiment Station (Berkeley, Calif.) and published by . This book was released on 1977 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Resource Allocation Using Linear Programming written by Tanya Merritt and published by . This book was released on 1994 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book USDA Forest Service General Technical Report PSW written by Pacific Southwest Forest and Range Experiment Station (Berkeley, Calif.) and published by . This book was released on 1976 with total page 596 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Lindane in forestry written by Thomas W. Koerber and published by . This book was released on 1976 with total page 706 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Selected Water Resources Abstracts written by and published by . This book was released on 1983 with total page 394 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Multi criteria decision models for forestry and natural resources management written by Joseph Edward De Steiguer and published by . This book was released on 2003 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: Foresters and natural resource managers must balance conflicting objectives when developing land-management plans. Conflicts may encompass economic, environmental, social, cultural, technical, and aesthetic objectives. Selecting the best combination of management uses from numerous objectives is difficult and challenging. Multi-Criteria Decision Models (MCDM) provide a systematic means for comparing tradeoffs and selecting alternatives that best satisfy the decisionmakergass objectives. In recent years, the use of MCDM in forestry and natural resources management has generated a substantial body of literature. This annotated bibliography includes 124 important references ranging from theoretical studies to real-world applications of MCDM.
Download or read book Optimization Modeling and Analysis of Truck Allocation System in Surface Mining Operations written by Hao Wen and published by . This book was released on 2017 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the surface mining industry, trucks and shovels are the essential components in the whole operation system. Optimal allocation of trucks/shovels resources is critically necessary in the surface mining operations not only for satisfying the mining production profit goal, but also for minimizing the mining operation cost. Also, many factors in the operation process make the truck allocation decision making plagued with uncertainties, vagueness and complication. In the past, Interval-parameter Linear Programming (ILP) has been widely used to deal with uncertainties and to assist optimal decision making in a variety of system planning and management problems. However, the existing ILP solution algorithms, i.e., best-worst case algorithm and 2-step algorithm, are found to be ineffective through a validity checking process. Moreover, the results from ILP cannot reflect the linkage between decision risks and the system return. In this study, a Risk Explicit Interval-Parameter Linear Programming (REILP) model and a fuzzy-REILP model are developed to generate the least cost strategies while minimizing the decision risks. The developed methods are then applied to the optimal planning of the truck allocation system in an open-pit mine case, and this is the first attempt of using ILP-based optimization techniques to the surface mining industry. This method is specifically designed to deal with extensive uncertainties existed in the truck allocation system and to provide decision supports to the surface mining operators and planners. In the developed methods, the ILP is used to reflect uncertainties existed in both objective function and constraints. Based on the basic ILP, a risk function is defined to assist in finding solutions with minimum system cost while minimizing the decision risk, under certain aspiration levels. The aspiration level could be conservative, medium or aggressive, and can thus be presented as a fuzzy set to reflect the preference of decision makers. Three sets of solutions are obtained accordingly. Besides, the model was also solved under the aspiration level from 0 to 1, with a step of 0.1, for providing a comprehensive decision support. This approach can effectively reflect dynamic, interactive, uncertain characteristics, as well as the interactions between overall cost and risk level of the mining truck allocation system. The results can effectively reflect the tradeoff between decision risks and the system return, and thus provide valuable information to support the decision-making process related to the planning of the truck allocation, and timing and routing of the mine-hauling activities.
Download or read book Management written by and published by . This book was released on 1968 with total page 784 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Management a Continuing Literature Survey with Indexes written by and published by . This book was released on 1969 with total page 502 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book NASA SP 7500 written by United States. National Aeronautics and Space Administration and published by . This book was released on 1972 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Review of Log Sort Yards written by John Rusty Dramm and published by . This book was released on 2002 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report provides a general overview of current log sort yard operations in the United States, including an extensive literature review and information collected during on-site visits to several operations throughout the nation. Log sort yards provide many services in marketing wood and fiber by concentrating, merchandising, processing, sorting, and adding value to logs. Such operations supply forest products firms with desired raw materials, which helps improve their bottom line by reducing the number of marginal logs processed. Ultimately, sorting logs leads to better use of the available timber resources. Successful log sort yards are self-sufficient and have well-established markets and a steady supply of wood. Log sort yard concepts and analyses described in this report have broad applications.
