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Modeling and Applications in Operations Research

2023 TECHNOLOGY
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Release : 2023
Genre : TECHNOLOGY
Kind : eBook
Book Rating : 422/5 ( reviews)

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Book Synopsis Modeling and Applications in Operations Research by : Jyotiranjan Nayak

Download or read book Modeling and Applications in Operations Research written by Jyotiranjan Nayak. This book was released on 2023. Available in PDF, EPUB and Kindle. Book excerpt: The text envisages novel optimization methods that significantly impact real-life problems, starting from inventory control to economic decision-making. It discusses topics such as inventory control, queueing models, timetable scheduling, fuzzy optimization, and the Knapsack problem. The book's content encompass thefollowing key aspects: Presents a new model based on an unreliable server, wherein the convergence analysis is done using nature-inspired algorithms. Discusses the optimization techniques used in transportation problems, timetable problems, and optimal/dynamic pricing in inventory control. Highlights single and multi-objective optimization problems using pentagonal fuzzy numbers. Illustrates profit maximization inventory model for non-instantaneous deteriorating items with imprecise costs. Showcases nature-inspired algorithms such as particle swarm optimization, genetic algorithm, bat algorithm, and cuckoo search algorithm. The text covers multi-disciplinary real-time problems such as fuzzy optimization of transportation problems, inventory control with dynamic pricing, timetable problem with ant colony optimization, knapsack problem, queueing modeling using the nature-inspired algorithm, and multi-objective fuzzy linear programming. It showcases a comparative analysis for studying various combinations of system design parameters and default cost elements. It will serve as an ideal reference text for graduate students and academic researchers in the fields of industrial engineering, manufacturing engineering, production engineering, mechanical engineering, and mathematics.

Applied Operations Research and Financial Modelling in Energy

2021-10-12 Business & Economics
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Release : 2021-10-12
Genre : Business & Economics
Kind : eBook
Book Rating : 813/5 ( reviews)

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Book Synopsis Applied Operations Research and Financial Modelling in Energy by : André B. Dorsman

Download or read book Applied Operations Research and Financial Modelling in Energy written by André B. Dorsman. This book was released on 2021-10-12. Available in PDF, EPUB and Kindle. Book excerpt: This book on Applied Operations Research and Financial Modelling in Energy (AORFME) presents several applications of operations research (OR) and financial modelling. The contributions by a group of OR and Finance researchers focus on a variety of energy decisions, presenting a quantitative perspective, and providing policy implications of the proposed or applied methodologies. The content is divided into three main parts: Applied OR I: Optimization Approaches, Applied OR II: Forecasting Approaches and Financial Modelling: Impacts of Energy Policies and Developments in Energy Markets. The book appeals to scholars in economics, finance and operations research, and to practitioners working in the energy sector. This is the eighth volume in a series of books on energy organized by the Centre for Energy and Value Issues (CEVI). For this volume, CEVI collaborated with Hacettepe University’s Energy Markets Research and Application Center. The previous volumes in the series are: Financial Aspects in Energy (2011), Energy Economics and Financial Markets (2012), Perspectives on Energy Risk (2014), Energy Technology and Valuation Issues (2015), Energy and Finance (2016), Energy Economy, Finance and Geostrategy (2018), and Financial Implications of Regulations in the Energy Industry (2020).

Student's Guide to Operations Research

1986 Business & Economics
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Release : 1986
Genre : Business & Economics
Kind : eBook
Book Rating : /5 ( reviews)

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Book Synopsis Student's Guide to Operations Research by : Paul A. Jensen

Download or read book Student's Guide to Operations Research written by Paul A. Jensen. This book was released on 1986. Available in PDF, EPUB and Kindle. Book excerpt:

Operations Research

2010-05-17 Business & Economics
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Release : 2010-05-17
Genre : Business & Economics
Kind : eBook
Book Rating : 26X/5 ( reviews)

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Book Synopsis Operations Research by : H. A. Eiselt

Download or read book Operations Research written by H. A. Eiselt. This book was released on 2010-05-17. Available in PDF, EPUB and Kindle. Book excerpt: Since the 1960s, operations research (or, alternatively, management science) has become an indispensable tool in scientific management. In simple words, its goal on the strategic and tactical levels is to aid in decision making and, on the operational level, automate decision making. Its tools are algorithms, procedures that create and improve solutions to a point at which optimal or, at least, satisfactory solutions have been found. While many texts on the subject emphasize methods, the special focus of this book is on the applications of operations research in practice. Typically, a topic is introduced by means of a description of its applications, a model is formulated and its solution is presented. Then the solution is discussed and its implications for decision making are outlined. We have attempted to maximize the understanding of the topics by using intuitive reasoning while keeping mathematical notation and the description of techniques to a minimum. The exercises are designed to fully explore the material covered in the chapters, without resorting to mind-numbing repetitions and trivialization.

Operations Research Models and Methods

2002-10-08 Technology & Engineering
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Release : 2002-10-08
Genre : Technology & Engineering
Kind : eBook
Book Rating : 040/5 ( reviews)

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Book Synopsis Operations Research Models and Methods by : Paul A. Jensen

Download or read book Operations Research Models and Methods written by Paul A. Jensen. This book was released on 2002-10-08. Available in PDF, EPUB and Kindle. Book excerpt: In a rapidly developing field like Operations Research, its easy to get overwhelmed by the variety of topics and analytic techniques. Paul Jensen and Jonathan Bard help you master the expensive field by focusing on the fundamental models and methodologies underlying the practice of Operations Research. Bridging the gap between theory and practice, the author presents the quantitative tools and models most important to understanding modern operations research. You'll come to appreciate the power of OR techniques in solving real-world problems and applications in your own field. You'll learn how to translate complex situations into mathematical models, solve models and turn models into solutions. This text is designed to bridge the gap between theory and practice by presenting the quantitative tools and models most suited for modern operations research. The principal goal is to give analysts, engineers, and decision makers a larger appreciation of their roles by defining a common terminology and by explaining the interfaces between the underlying methodologies. Features Divides each subject into methods and models, giving you greater flexibility in how you approach the material. Concise and focused presentation highlights central ideas. Many examples throughout the text will help you better understand mathematical material.

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