...Journal of Business & Economics Research – July 2005 Volume 3, Number 7 Operations Research And Operations Management: From Selective Optimization To System Optimization Jack A. Fuller, (E-mail: jfuller@wvu.edu), West Virginia University C. Lee Martinec, West Virginia University ABSTRACT The focus of this research paper is to discuss the development of Operations Management (OM) and Operations Research (OR) with respect to their use within the organization’s decision-making structure. In addition, the difference in the tools and techniques of the two fields is addressed. The question is raised as to how distinct the two academic fields have become in light of the application of their models to the service industry. Suggestions are made regarding the possibility of incorporating OM/OR models and their output into the decision making structure of the organization towards the goal of “system optimization”. ORIGINS OF OPERATIONS MANAGEMENT AND OPERATIONS RESEARCH A comparison of the origins of operations management and operations research reveals that both are an innovation of the 20th century. The origin of operations research was in England, circa 1937, and has its roots in scientific management, with its first significant applications to military operations in both World War I and World War II. Operations management had its origins in the early factory system, and was more associated with physical production in a factory environment and it too was strongly influenced...
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...Written Analysis & Communication @ Soft skills II @ Employability Skills @ IT & MIS 2 Soft skills I @ Computing skills 2 Social Media Marketing @ 2 Legal Aspects of Business 2 Business Strategy 3 Management Control Systems 3 Micro Economics 3 Macro Economics 3 Business Environment 3 Business Ethics & Corporate Governance 2 Quantitative Methods-1 3 Business Research Methods 3 Quantitative Methods-2 3 Core Elective-1 3 Core Elective1 3 Core Elective-2 3 Core Elective2 3 Elective-1 3 Elective-1 3 Elective-2 3 Elective-2 3 Grand Project-1 3 Grand Project-2 3 Principles of Management Basic Building Blocks Autumn Break Executive Skills Organisational Behavior Human Resources Management 3 Marketing Management 1 3 Marketing Management -2 3 Understanding Financial Statements 3 Financial Mgt 3 Operation Management Management Domain 3 3 Basics of Business Planning 2 Electives Credits Autumn Break credit SUMMER INTERNSHIP Course S 1 22 S 2 24 Total Credits 2 8 S 3 21 S 4 20 95 Index Sr.No Subject Faculty Credits 1 Written Analysis & Communication Prof. Dhriti Banerjee @ 2 Soft Skills Prof. Dhriti Banerjee @ 3 Computing Skills Dr. Nidhi Arora ...
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...ac.ae Abstract - In this paper, a novel formulation for the capacitated warehouse inventory-location model with risk pooling for multiple products is proposed. A single plant ships different types of products to retailers via a network of warehouses. The locations and inventory policies of the warehouses are chosen so as to minimize the sum of fixed facility location, transportation, and inventory carrying costs. The warehouses retain safety stock so as to maintain appropriate service levels in the face of uncertain demand at the retailers for multiple products. Keywords - integer programming, location-inventory, multiple products, supply chain optimization I. INTRODUCTION Supply Chain Management spans all movement and storage of raw materials, work-in-process inventory, and finished goods from point of origin to point of consumption [1]. It involves decisions on facility location, technology selection, inventory management, and distribution. These decisions can be categorized into three different levels: strategic, tactical, and operational. Particularly in today’s competitive business environment, the importance of integrating these decisions so as to minimize costs and maximize customer satisfaction cannot be underestimated. Much of the research literature treats the different decision levels separately; few papers deal with optimizing jointly over both the tactical and operational levels, and even fewer involve multiple products. In this paper, we study a multi-product...
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...problems. Cognitive, heuristic, or combination heuristic-optimization solution procedures have been good alternatives [8]. The aim of this work is threefold; to present a new mathematical formulation of the VRP problem that uses fewer decision variables, to show how to model the TSP problem as a discrete event simulation model, and to employ the developed simulation model in finding the optimum/near optimum solution of the problem. This paper is organized as follows: in Section II, the basic concepts of VRP and the solution techniques found in literature will be briefly discussed. In Section III, proposed problem formulations will be presented followed by the simulation model development and optimization using simulation in sections IV and V. Finally, in section VI, the conclusions drawn from this work are presented. I. INTRODUCTION II. LITERATURE REVIEW HE vehicle routing problem (VRP) is one of the most intensively studied problems in operations research, and this is due to its structural charm as well as practical relevance. Many papers have been devoted to the development of optimization[1-3]and approximation algorithms for vehicle routing and scheduling problems[4, 5]. This interest is due to the practical importance of effective and efficient methods for handling physical distribution situations as well as to the intriguing nature of the...
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...East Amherst, NY 14051 Buffalo, New York 14260 Ph: (716) 688-6360 Ph: (716) 645-3258 Fax: (716)645-6117 E-Mail: rramesh@acsu.buffalo.edu Web: http://mgt.buffalo.edu/faculty/academic/systems/faculty/rramesh Education Ph.D. Industrial Engineering (Operations Research) (1985) State University of New York at Buffalo (GPA: 4.0. Awarded Ph.D with Distinction) Advisors: Mark H. Karwan and Stanley Zionts M.Tech. Industrial Engineering (1977) Indian Institute of Technology, Madras B.Tech. Chemical Engineering (1975) Indian Institute of Technology, Madras Research Streams • • • • Economics of IT – MSP and Cloud Computing Markets Conceptual Modeling and Ontologies Database Systems and Distributed Computing Supply Chains & Decision Analysis Employment Professor Department of Management Science & Systems School of Management State University of New York at Buffalo (September 1998 - ) Associate Professor Department of Management Science & Systems State University of New York at Buffalo (September, 1990 – September 1998) Assistant Professor Department of Management Science & Systems State University of New York at Buffalo (September, 1984 - September, 1990) 1 Research and Teaching Assistant Doctoral Program in Operations Research Department of Industrial Engineering State University of New York at Buffalo (January, 1981 - September, 1984) Entrepreneur SYMBIOSIS Consulting Madras, India (September, 1977 - January, 1981) Appointments Chairman Department of Management Science...
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...CON100 Recitation: (Check your section time) Course Website: http://blackboard.rutgers.edu COURSE DESCRIPTION Key quantitative techniques essential for analyzing and improving business operations. Spreadsheet modeling of business decision problems, both with and without data uncertainty. Linear and integer programming optimization models. Elementary applied probability modeling and Monte Carlo simulation. COURSE MATERIALS Required Textbook(s): Introduction to Management Science, 11/E (Available in Book Store) Bernard W. Taylor ISBN - 10: 0132751917 ISBN - 13: 9780132751919 Course items in Blackboard LEARNING GOALS AND OBJECTIVES LGO1. Students will understand and be able to apply Key quantitative techniques essential for analyzing and improving business operations A. Students will be able to use spreadsheet modeling of business decision problems, both with and without data uncertainty in preparing assignments, projects, or term papers in other courses in the functional area business disciplines as well as in research projects in the workplace. B. Students will be able to employ spreadsheet software (e.g. Microsoft Excel) as a tool to assist in the solution of business problems. C. Students will have an awareness of ethical issues in conducting research, in optimization problems and in the presentation of results. LGO2. Students will be able to understand risk from the perspective of Elementary applied probability modeling and Monte Carlo...
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...Journal of Universal Computer Science, vol. 13, no. 7 (2007), 959-969 submitted: 7/3/07, accepted: 25/7/07, appeared: 28/7/07 © J.UCS Pipeline-scheduling Simulator for Educational Purpose José M. Chaves-González (University of Extremadura, Spain jm@unex.es) Miguel A. Vega-Rodríguez (University of Extremadura, Spain mavega@unex.es) Juan A. Gómez-Pulido (University of Extremadura, Spain jangomez@unex.es) Juan M. Sánchez-Pérez (University of Extremadura, Spain sanperez@unex.es) Abstract: This paper presents a project that provides both, to professors and to students, a tool that is useful for studying, teaching and learning how pipelines work and how they can be scheduled in an easy and widespread way. The project is called PipeSim, and features static and dynamic pipelines with a very attractive, dynamic and intuitive interface. It is well known that pipeline and pipeline-scheduling are very relevant concepts in computer science studies and it is very important that students can learn these in an easy and reliable way. The simulator makes easy both working in depth about pipeline scheduling and working slowly paying attention in the different stages of the scheduling. However, we designed the simulator knowing that principal users would be students with no experience, so both the execution and the presentation of the results have been carefully developed. In addition to this, to check the success of PipeSim, a survey has been made among some students that used...
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...Homework: Specify one area or field which makes use of Operations Research as a tool. Give specific and real examples. According to the website scienceofbetter.org, Operations Research (OR) is basically a discipline of applying advanced analytical methods to help make better decisions. OR can also be called as Management science which also concerns methods for strategic planning and strategic decision support. Therefore, using operations research will be very helpful for executives and companies in order to sustain and even improve their systems or businesses. Some of the fields that use operations research as a tool are education, decision analysis, engineering, marketing, supply chain management, mathematics, project management and a whole lot more. However, the field of supply chain management will be focused in this paper. Supply chain management (SCM) is a sequence of business processes and information that provides a product or service from suppliers through manufacturing and distribution to the ultimate customer (Roger Schroeder, 2007). Basically, this is the management of the flow of goods. Having the right and efficient supply chain management system can increase coordination in a company as well as maintaining the demand for a particular product. On the other hand, this can also be very crucial since a company must be able to think of strategic ways in order to be competitive and keep their customers. However, just like any other function or activity, SCM also...
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...MATHEMATICAL PROGRAMMING - INDR. 363 (1) 2011 FALL Class Meeting Location ENG Z27 Class Meeting Times TH B3,TU B3 Instructor Office Hours Office Location Office Phone Email Web Address Number of Credits ETC Credit Prerequisites Language ONUR KAYA W 14:00-16:00 ENG 206 1583 okaya@ku.edu.tr 3 6 INDR. 262 English Assistant TA/RA/Lab Assistant Name AYLİN LELİZAR POLAT GÜLÇİN ERMİŞ Email aypolat@ku.edu.tr gulermis@ku.edu.tr Office Hours Office Location Course Description Introduction to modeling with integer variables and integer programming; network models, dynamic programming; convexity and nonlinear optimization; applications of various optimization methods in manufacturing, product design, communications networks, transportation, supply chain, and financial systems. Course Objectives The course is designed to teach the concepts of optimization models and solution methods that include integer variables and nonlinear constraints. Network models, integer, dynamic and nonlinear programming will be introduced to the students. Students will be exposed to applications of various optimization methods in manufacturing, product design, communications networks, transportation, supply chain, and financial systems. Several different types of algorithms will also be presented to solve these problems. The course also aims to teach how to use computer programs such as Matlab and GAMS to solve mathematical models. Learning Outcomes Students are expected to model...
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...Operational Research 203 (2010) 539–549 Contents lists available at ScienceDirect European Journal of Operational Research journal homepage: www.elsevier.com/locate/ejor Invited Review Research on warehouse design and performance evaluation: A comprehensive review Jinxiang Gu a, Marc Goetschalckx b,*, Leon F. McGinnis b a b Nestle USA, 800 North Brand Blvd., Glendale, CA 91203, United States Georgia Institute of Technology, 765 Ferst Dr., Atlanta, GA 30332-0205, United States a r t i c l e i n f o a b s t r a c t This paper presents a detailed survey of the research on warehouse design, performance evaluation, practical case studies, and computational support tools. This and an earlier survey on warehouse operation provide a comprehensive review of existing academic research results in the framework of a systematic classification. Each research area within this framework is discussed, including the identification of the limits of previous research and of potential future research directions. Ó 2009 Elsevier B.V. All rights reserved. Article history: Received 5 December 2005 Accepted 21 July 2009 Available online 6 August 2009 Keywords: Facilities design and planning Warehouse design Warehouse performance evaluation model Case studies Computational tools 1. Introduction This survey and a companion paper (Gu et al., 2007) present a comprehensive review of the state-of-art of warehouse research. Whereas the latter focuses on warehouse operation problems...
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...Op"erations Research This page intentionally left blank Copyright © 2007, 2005 New Age International (P) Ltd., Publishers Published by New Age International (P) Ltd., Publishers All rights reserved. No part of this ebook may be reproduced in any form, by photostat, microfilm, xerography, or any other means, or incorporated into any information retrieval system, electronic or mechanical, without the written permission of the publisher. All inquiries should be emailed to rights@newagepublishers.com ISBN (13) : 978-81-224-2944-2 PUBLISHING FOR ONE WORLD NEW AGE INTERNATIONAL (P) LIMITED, PUBLISHERS 4835/24, Ansari Road, Daryaganj, New Delhi - 110002 Visit us at www.newagepublishers.com PREFACE I started my teaching career in the year 1964. I was teaching Production Engineering subjects till 1972. In the year 1972 I have registered my name for the Industrial Engineering examination at National Institution of Industrial Engineering, Bombay. Since then, I have shifted my field for interest to Industrial Engineering subjects and started teaching related subjects. One such subject is OPERATIONS RESEARCH. After teaching these subjects till my retirement in the year 2002, it is my responsibility to help the students with a book on Operations research. The first volume of the book is LINEAR PORGRAMMING MODELS. This was published in the year 2003. Now I am giving this book OPERATIONS RESEARCH, with other chapters to students, with a hope that it will help them to understand...
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...ASSIGNMENT ON OPERATION RESEARCH ( FIN – 3104 ) 3RD YEAR , 1ST SEMESTER BBA – 3RD BATCH DEPARTMENT OF FINANCE JAGANNATH UNIVERSITY TOPIC Quantitative Analysis for Optimization : Using Linear Programming & Transportation Problem Group Name Name & ID No. of the Group Members: |Sl. No. |Name |ID No. | | | | | |01 |Suman Chandra Mandal (Group Leader) |091557 | | |Md. Nahid Islam |091604 | |02 | | | | | | | |03 |Mahbuba Mehreen |091619 ...
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...OPERATION RESEARCH Credits: 4 SYLLABUS Development Definition, Characteristics and phase of Scientific Method, Types of models. General methods for solving operations research models. Allocation: Introduction to linear programming formulation, graphical solution, Simplex ethod, artificial variable technique, Duality principle. Sensitivity analysis. Transportation Problem Formulation optimal solution. Unbalanced transportation problems, Degeneracy. Assignment problem, Formulation optimal solution, Variation i.e., Non-square (m x n) matrix restrictions. Sequencing Introduction, Terminology, notations and assumptions, problems with n-jobs and two machines, optimal sequence algorithm, problems with n-jobs and three machines, problems with n-jobs and m-machines, graphic solutions. Travelling salesman problem. Replacement Introduction, Replacement of items that deteriorate with time – value of money unchanging and changing, Replacement of items that fail completely. Queuing Models M.M.1 & M.M.S. system cost considerations. Theory of games introduction, Two-person zero-sum games, The Maximum –Minimax principle, Games without saddle points – Mixed Strategies, 2 x n and m x 2 Games – Graphical solutions, Dominance property, Use of L.P. to games, Algebraic solutions to rectangular games. Inventory Introduction, inventory costs, Independent demand systems: Deterministic models – Fixed order size systems – Economic order quantity (EOQ) – Single items, back ordering...
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...Chapter one 1.1 Introduction For many manufacturers the task of meeting the ever rising demand and customer expectations and lowering production cost and maximizing profit in an environment of more products, more complexity, more choice and competition is placing great stress on the effectiveness of their planning of activities in the product kind. Organizations have already adopted solutions with varying degrees of planning and scheduling capabilities. Yet, operations executive acknowledge that these same systems are becoming out dated, lacking the speed, flexibility and responsiveness to manage their increasing complex production environment. Optimization techniques are applied to find out whether resources available are effectively utilized in order to achieve optimum profit from the activities of the firm. There should be consistency in the use of various resources and the mix should be such that it brings down the cost for ensuring profit. Therefore, it is the duty of the management to exercise control over the resources and to see that the resources are effectively utilized. Similarly, organizations in general are involved in manufacturing a variety of products to cater the needs of the society and to maximize the profit. While doing so, they need to be familiar with different combinations of product mix which will maximize the profit. Or alternatively minimize the cost. The techniques such as ratio analysis, correlation and regression analyses, variance analysis...
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...85–102 DOI: 10.1111/j.1475-3995.2009.00718.x INTERNATIONAL TRANSACTIONS IN OPERATIONAL RESEARCH Integrating customer’s preferences in the QFD planning process using a combined benchmarking and imprecise goal programming model Mohamed Sadok Cherif a, Habib Chabchoubb and Belaı¨ d Aounic a Institut Supe´rieur d’Informatique et de Mathe´matiques, Universite´ de Monastir, B.P. 223, C.P. 5000, Monastir, Tunisia, b Institut Supe´rieur de Gestion Industrielle, Universite´ de Sfax, B.P. 954, C.P. 3018, Sfax, Tunisia, c Decision Aid Research Group, School of Commerce and Administration, Faculty of Management, Laurentian University, Sudbury, Ontario, Canada P3E2C6 E-mail: baouni@laurentian.ca Received 15 October 2008; received in revised form 29 March 2009; accepted 9 April 2009 Abstract Quality function deployment (QFD) is a customer-oriented design tool for developing new or improved products to achieve higher customer satisfaction by integrating various functions of an organization. The engineering characteristics (ECs) affecting the product performances are designed to match the customer attributes (CAs). However, from the viewpoint of the QFD team, product design processes are performed in imprecise environments, and more than one factor must be taken into account in determining the target levels of ECs, especially the limited resources and increased market competition. This paper presents an imprecise goal programming (GP) approach to determine the optimum target levels...
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