Optimization Theory, Decision Making, and Operations Research Applications

Optimization Theory, Decision Making, and Operations Research Applications PDF Author: Athanasios Migdalas
Publisher: Springer Science & Business Media
ISBN: 1461451345
Category : Mathematics
Languages : en
Pages : 364

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Book Description
These proceedings consist of 30 selected research papers based on results presented at the 10th Balkan Conference & 1st International Symposium on Operational Research (BALCOR 2011) held in Thessaloniki, Greece, September 22-24, 2011. BALCOR is an established biennial conference attended by a large number of faculty, researchers and students from the Balkan countries but also from other European and Mediterranean countries as well. Over the past decade, the BALCOR conference has facilitated the exchange of scientific and technical information on the subject of Operations Research and related fields such as Mathematical Programming, Game Theory, Multiple Criteria Decision Analysis, Information Systems, Data Mining and more, in order to promote international scientific cooperation. The carefully selected and refereed papers present important recent developments and modern applications and will serve as excellent reference for students, researchers and practitioners in these disciplines. ​

Optimization Theory, Decision Making, and Operations Research Applications

Optimization Theory, Decision Making, and Operations Research Applications PDF Author: Athanasios Migdalas
Publisher: Springer Science & Business Media
ISBN: 1461451345
Category : Mathematics
Languages : en
Pages : 364

Get Book Here

Book Description
These proceedings consist of 30 selected research papers based on results presented at the 10th Balkan Conference & 1st International Symposium on Operational Research (BALCOR 2011) held in Thessaloniki, Greece, September 22-24, 2011. BALCOR is an established biennial conference attended by a large number of faculty, researchers and students from the Balkan countries but also from other European and Mediterranean countries as well. Over the past decade, the BALCOR conference has facilitated the exchange of scientific and technical information on the subject of Operations Research and related fields such as Mathematical Programming, Game Theory, Multiple Criteria Decision Analysis, Information Systems, Data Mining and more, in order to promote international scientific cooperation. The carefully selected and refereed papers present important recent developments and modern applications and will serve as excellent reference for students, researchers and practitioners in these disciplines. ​

Optimal Decision Making in Operations Research and Statistics

Optimal Decision Making in Operations Research and Statistics PDF Author: Irfan Ali
Publisher: CRC Press
ISBN: 1000404722
Category : Business & Economics
Languages : en
Pages : 434

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Book Description
The book provides insights in the decision-making for implementing strategies in various spheres of real-world issues. It integrates optimal policies in various decision­making problems and serves as a reference for researchers and industrial practitioners. Furthermore, the book provides sound knowledge of modelling of real-world problems and solution procedure using the various optimisation and statistical techniques for making optimal decisions. The book is meant for teachers, students, researchers and industrialists who are working in the field of materials science, especially operations research and applied statistics.

Optimization in Operations Research

Optimization in Operations Research PDF Author: Ronald L. Rardin
Publisher: Prentice Hall
ISBN: 9780132858113
Category : Mathematical optimization
Languages : en
Pages : 936

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Book Description
For first courses in operations research, operations management Optimization in Operations Research, Second Edition covers a broad range of optimization techniques, including linear programming, network flows, integer/combinational optimization, and nonlinear programming. This dynamic text emphasizes the importance of modeling and problem formulation andhow to apply algorithms to real-world problems to arrive at optimal solutions. Use a program that presents a better teaching and learning experience-for you and your students. Prepare students for real-world problems: Students learn how to apply algorithms to problems that get them ready for their field. Use strong pedagogy tools to teach: Key concepts are easy to follow with the text's clear and continually reinforced learning path. Enjoy the text's flexibility: The text features varying amounts of coverage, so that instructors can choose how in-depth they want to go into different topics.

Multiple Objective Decision Making — Methods and Applications

Multiple Objective Decision Making — Methods and Applications PDF Author: C.-L. Hwang
Publisher: Springer Science & Business Media
ISBN: 3642455115
Category : Business & Economics
Languages : en
Pages : 366

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Book Description
Decision making is the process of selecting a possible course of action from all the available alternatives. In almost all such problems the multiplicity of criteria for judging the alternatives is pervasive. That is, for many such problems, the decision maker (OM) wants to attain more than one objective or goal in selecting the course of action while satisfying the constraints dictated by environment, processes, and resources. Another characteristic of these problems is that the objectives are apparently non commensurable. Mathematically, these problems can be represented as: (1. 1 ) subject to: gi(~) ~ 0, ,', . . . ,. ! where ~ is an n dimensional decision variable vector. The problem consists of n decision variables, m constraints and k objectives. Any or all of the functions may be nonlinear. In literature this problem is often referred to as a vector maximum problem (VMP). Traditionally there are two approaches for solving the VMP. One of them is to optimize one of the objectives while appending the other objectives to a constraint set so that the optimal solution would satisfy these objectives at least up to a predetermined level. The problem is given as: Max f. ~) 1 (1. 2) subject to: where at is any acceptable predetermined level for objective t. The other approach is to optimize a super-objective function created by multiplying each 2 objective function with a suitable weight and then by adding them together.

Stochastic Optimization Methods

Stochastic Optimization Methods PDF Author: Kurt Marti
Publisher: Springer
ISBN: 3662462141
Category : Business & Economics
Languages : en
Pages : 389

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Book Description
This book examines optimization problems that in practice involve random model parameters. It details the computation of robust optimal solutions, i.e., optimal solutions that are insensitive with respect to random parameter variations, where appropriate deterministic substitute problems are needed. Based on the probability distribution of the random data and using decision theoretical concepts, optimization problems under stochastic uncertainty are converted into appropriate deterministic substitute problems. Due to the probabilities and expectations involved, the book also shows how to apply approximative solution techniques. Several deterministic and stochastic approximation methods are provided: Taylor expansion methods, regression and response surface methods (RSM), probability inequalities, multiple linearization of survival/failure domains, discretization methods, convex approximation/deterministic descent directions/efficient points, stochastic approximation and gradient procedures and differentiation formulas for probabilities and expectations. In the third edition, this book further develops stochastic optimization methods. In particular, it now shows how to apply stochastic optimization methods to the approximate solution of important concrete problems arising in engineering, economics and operations research.

Linear Optimization for Business

Linear Optimization for Business PDF Author: Marcos Singer
Publisher: Routledge
ISBN: 1351032135
Category : Business & Economics
Languages : en
Pages : 409

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Book Description
This book takes a unique approach to linear optimization by focusing on the underlying principles and business applications of a topic more often taught from a mathematical and computational perspective. By shifting the perspective away from heavy math, students learn how optimization can be used to drive decision making in real world business settings. The book does not shy away from the theory underlying linear optimization but rather focuses on ensuring students understand the logic without getting caught up in proving theorems. Plenty of examples, applications and case studies are included to help bridge the gap between the theory and the way it plays out in practice. The author has also included several Excel spreadsheets, showing worked-out models of linear optimization that have been used to drive decisions ranging from configuring a police force to purchasing crude oil and media planning. How can the routes and pricing structures of airlines be optimized? How much should be invested in the prevention and punishment of crimes? These are everyday problems that can be solved using linear optimization, and this book shows students just how to do that. It will prove a useful, math-free resource for all students of management science and operations research.

Operations Research and Optimization

Operations Research and Optimization PDF Author: Samarjit Kar
Publisher: Springer
ISBN: 9811078149
Category : Mathematics
Languages : en
Pages : 399

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Book Description
This book discusses recent developments in the vast domain of optimization. Featuring papers presented at the 1st International Conference on Frontiers in Optimization: Theory and Applications (FOTA 2016), held at the Heritage Institute of Technology, Kolkata, on 24–26 December 2016, it opens new avenues of research in all topics related to optimization, such as linear and nonlinear optimization; combinatorial-, stochastic-, dynamic-, fuzzy-, and uncertain optimization; optimal control theory; as well as multi-objective, evolutionary and convex optimization and their applications in intelligent information and technology, systems science, knowledge management, information and communication, supply chain and inventory control, scheduling, networks, transportation and logistics and finance. The book is a valuable resource for researchers, scientists and engineers from both academia and industry.

Decision Science

Decision Science PDF Author: Th. H. B. Hendriks
Publisher:
ISBN: 9789086860012
Category : Decision making
Languages : en
Pages : 0

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Book Description
Decision science is the discipline that is concerned with the development and applications of quantitative methods and techniques to support decision making processes. This extensively revised edition of two former versions of the book discusses the general principles and often used optimization techniques such as linear programming, integer programming, dynamic programming, non-linear programming, network theory, simulation and stochastic programming. This book aims to fill in the gap between theory and practice. It discusses the theoretical background of important quantitative methods and techniques as well as how they can be applied to practical decision making problems. Therefore, the modeling process is illustrated with examples of firms, consumers, governments and other non-profit organizations in agriculture related sectors. The authors have used their vast didactical experience to find a proper balance between mathematical exactness, knowledge and readability on the one hand and offer understanding, insights and applicability of the subjects on the other hand. The book is therefore an essential asset in introductory courses on decision science in undergraduate, postgraduate and research programmes.

Proceedings of the 27th International Symposium on Mine Planning and Equipment Selection - MPES 2018

Proceedings of the 27th International Symposium on Mine Planning and Equipment Selection - MPES 2018 PDF Author: Eleonora Widzyk-Capehart
Publisher: Springer
ISBN: 3319992201
Category : Science
Languages : en
Pages : 559

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Book Description
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.

Rethinking Decision-Making Strategies and Tools

Rethinking Decision-Making Strategies and Tools PDF Author: Maria Palazzo
Publisher: Emerald Group Publishing
ISBN: 1837972060
Category : Business & Economics
Languages : en
Pages : 128

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Book Description
Readers will be enabled to compare, contrast and comprehend how the ‘decision making strategies and tools’ from different lenses are delivered in different parts of the world. The text includes an interesting mix of theory, primary research findings, and practice that will appeal to students, academics, and practitioners alike.