Optimization Models

Optimization Models PDF Author: Giuseppe C. Calafiore
Publisher: Cambridge University Press
ISBN: 1107050871
Category : Business & Economics
Languages : en
Pages : 651

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Book Description
This accessible textbook demonstrates how to recognize, simplify, model and solve optimization problems - and apply these principles to new projects.

Optimization Models

Optimization Models PDF Author: Giuseppe C. Calafiore
Publisher: Cambridge University Press
ISBN: 1107050871
Category : Business & Economics
Languages : en
Pages : 651

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Book Description
This accessible textbook demonstrates how to recognize, simplify, model and solve optimization problems - and apply these principles to new projects.

Concise Guide to Optimization Models and Methods

Concise Guide to Optimization Models and Methods PDF Author: Xian Wen Ng
Publisher: Springer Nature
ISBN: 303084417X
Category : Technology & Engineering
Languages : en
Pages : 132

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Book Description
This concise text contains the most commonly-encountered examination problems in the topic of Optimization Models and Methods, an important module in engineering and other disciplines where there exists an increasing need to operate optimally and sustainably under constraints, such as tighter resource availability, environmental consideration, and cost pressures. This book is comprehensive in coverage as it includes a diverse spectrum of problems from numerical open-ended questions that probe creative thinking to the relation of concepts to realistic settings. The book adopts many examples of design scenarios as context for curating sample problems. This will help students relate desktop problem-solving to tackling real-world problems. Succinct yet rigorous, with over a 100 pages of problems and corresponding worked solutions presented in detail, the book is ideal for students of engineering, applied science, and market analysis.

Stochastic Optimization Models in Finance

Stochastic Optimization Models in Finance PDF Author: William T. Ziemba
Publisher: World Scientific
ISBN: 981256800X
Category : Business & Economics
Languages : en
Pages : 756

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Book Description
A reprint of one of the classic volumes on portfolio theory and investment, this book has been used by the leading professors at universities such as Stanford, Berkeley, and Carnegie-Mellon. It contains five parts, each with a review of the literature and about 150 pages of computational and review exercises and further in-depth, challenging problems.Frequently referenced and highly usable, the material remains as fresh and relevant for a portfolio theory course as ever.

Optimization of Stochastic Models

Optimization of Stochastic Models PDF Author: Georg Ch. Pflug
Publisher: Springer Science & Business Media
ISBN: 1461314496
Category : Business & Economics
Languages : en
Pages : 384

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Book Description
Stochastic models are everywhere. In manufacturing, queuing models are used for modeling production processes, realistic inventory models are stochastic in nature. Stochastic models are considered in transportation and communication. Marketing models use stochastic descriptions of the demands and buyer's behaviors. In finance, market prices and exchange rates are assumed to be certain stochastic processes, and insurance claims appear at random times with random amounts. To each decision problem, a cost function is associated. Costs may be direct or indirect, like loss of time, quality deterioration, loss in production or dissatisfaction of customers. In decision making under uncertainty, the goal is to minimize the expected costs. However, in practically all realistic models, the calculation of the expected costs is impossible due to the model complexity. Simulation is the only practicable way of getting insight into such models. Thus, the problem of optimal decisions can be seen as getting simulation and optimization effectively combined. The field is quite new and yet the number of publications is enormous. This book does not even try to touch all work done in this area. Instead, many concepts are presented and treated with mathematical rigor and necessary conditions for the correctness of various approaches are stated. Optimization of Stochastic Models: The Interface Between Simulation and Optimization is suitable as a text for a graduate level course on Stochastic Models or as a secondary text for a graduate level course in Operations Research.

Nonlinear Optimization

Nonlinear Optimization PDF Author: William P. Fox
Publisher: CRC Press
ISBN: 1000196925
Category : Mathematics
Languages : en
Pages : 417

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Book Description
Optimization is the act of obtaining the "best" result under given circumstances. In design, construction, and maintenance of any engineering system, engineers must make technological and managerial decisions to minimize either the effort or cost required or to maximize benefits. There is no single method available for solving all optimization problems efficiently. Several optimization methods have been developed for different types of problems. The optimum-seeking methods are mathematical programming techniques (specifically, nonlinear programming techniques). Nonlinear Optimization: Models and Applications presents the concepts in several ways to foster understanding. Geometric interpretation: is used to re-enforce the concepts and to foster understanding of the mathematical procedures. The student sees that many problems can be analyzed, and approximate solutions found before analytical solutions techniques are applied. Numerical approximations: early on, the student is exposed to numerical techniques. These numerical procedures are algorithmic and iterative. Worksheets are provided in Excel, MATLAB®, and MapleTM to facilitate the procedure. Algorithms: all algorithms are provided with a step-by-step format. Examples follow the summary to illustrate its use and application. Nonlinear Optimization: Models and Applications: Emphasizes process and interpretation throughout Presents a general classification of optimization problems Addresses situations that lead to models illustrating many types of optimization problems Emphasizes model formulations Addresses a special class of problems that can be solved using only elementary calculus Emphasizes model solution and model sensitivity analysis About the author: William P. Fox is an emeritus professor in the Department of Defense Analysis at the Naval Postgraduate School. He received his Ph.D. at Clemson University and has taught at the United States Military Academy and at Francis Marion University where he was the chair of mathematics. He has written many publications, including over 20 books and over 150 journal articles. Currently, he is an adjunct professor in the Department of Mathematics at the College of William and Mary. He is the emeritus director of both the High School Mathematical Contest in Modeling and the Mathematical Contest in Modeling.

Introduction to Computational Optimization Models for Production Planning in a Supply Chain

Introduction to Computational Optimization Models for Production Planning in a Supply Chain PDF Author: Stefan Voß
Publisher: Springer Science & Business Media
ISBN: 3540247645
Category : Business & Economics
Languages : en
Pages : 239

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Book Description
An easy-to-read introduction to the concepts associated with the creation of optimization models for production planning starts off this book. These concepts are then applied to well-known planning models, namely mrp and MRP II. From this foundation, fairly sophisticated models for supply chain management are developed. Another unique feature is that models are developed with an eye toward implementation. In fact, there is a chapter that provides explicit examples of implementation of the basic models using a variety of popular, commercially available modeling languages.

Inventory Optimization

Inventory Optimization PDF Author: Nicolas Vandeput
Publisher: Walter de Gruyter GmbH & Co KG
ISBN: 3110673991
Category : Business & Economics
Languages : en
Pages : 354

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Book Description
In this book . . . Nicolas Vandeput hacks his way through the maze of quantitative supply chain optimizations. This book illustrates how the quantitative optimization of 21st century supply chains should be crafted and executed. . . . Vandeput is at the forefront of a new and better way of doing supply chains, and thanks to a richly illustrated book, where every single situation gets its own illustrating code snippet, so could you. --Joannes Vermorel, CEO, Lokad Inventory Optimization argues that mathematical inventory models can only take us so far with supply chain management. In order to optimize inventory policies, we have to use probabilistic simulations. The book explains how to implement these models and simulations step-by-step, starting from simple deterministic ones to complex multi-echelon optimization. The first two parts of the book discuss classical mathematical models, their limitations and assumptions, and a quick but effective introduction to Python is provided. Part 3 contains more advanced models that will allow you to optimize your profits, estimate your lost sales and use advanced demand distributions. It also provides an explanation of how you can optimize a multi-echelon supply chain based on a simple—yet powerful—framework. Part 4 discusses inventory optimization thanks to simulations under custom discrete demand probability functions. Inventory managers, demand planners and academics interested in gaining cost-effective solutions will benefit from the "do-it-yourself" examples and Python programs included in each chapter. Events around the book Link to a De Gruyter Online Event in which the author Nicolas Vandeput together with Stefan de Kok, supply chain innovator and CEO of Wahupa; Koen Cobbaert, Director in the S&O Industry practice of PwC Belgium; Bram Desmet, professor of operations & supply chain at the Vlerick Business School in Ghent; and Karl-Eric Devaux, Planning Consultant, Hatmill, discuss about models for inventory optimization. The event will be moderated by Eric Wilson, Director of Thought Leadership for Institute of Business Forecasting (IBF): https://youtu.be/565fDQMJEEg

Operations Research

Operations Research PDF Author: Katta G. Murty
Publisher: Pearson College Division
ISBN: 9780130565174
Category : Mathematics
Languages : en
Pages : 581

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Book Description
Basic text on deterministic optimization methods. Techniques of modeling real world decision making problems, modeling examples that illustrate the use of modeling techniques, and a variety of problem classes are presented. Various types of algorithms with explanations of how each algorithm works and what conclusion can be drawn from its output, and a review of Matrix Algebra and Geometry and a chapter on Heuristic Methods.

Optimization Models in Software Reliability

Optimization Models in Software Reliability PDF Author: Anu G. Aggarwal
Publisher: Springer Nature
ISBN: 3030789195
Category : Technology & Engineering
Languages : en
Pages : 376

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Book Description
The book begins with an introduction to software reliability, models and techniques. The book is an informative book covering the strategies needed to assess software failure behaviour and its quality, as well as the application of optimization tools for major managerial decisions related to the software development process. It features a broad range of topics including software reliability assessment and apportionment, optimal allocation and selection decisions and upgradations problems. It moves through a variety of problems related to the evolving field of optimization of software reliability engineering, including software release time, resource allocating, budget planning and warranty models, which are each explored in depth in dedicated chapters. This book provides a comprehensive insight into present-day practices in software reliability engineering, making it relevant to students, researchers, academics and practising consultants and engineers.

Optimization Models and Concepts in Production Management

Optimization Models and Concepts in Production Management PDF Author: Bradimaarte
Publisher: CRC Press
ISBN: 9782884490207
Category : Mathematics
Languages : en
Pages : 364

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Book Description
Optimization techniques in production management are becoming increasingly important for efficient and competitive manufacturing. This book presents a collection of tutorial papers by outstanding researchers on the application of optimization concepts. Topics introduced include hierarchical production planning and large scale scheduling, optimal production control, exact and heuristic algorithms for production scheduling and stochastic modelling.