Optimization Modelling

A Practical Approach

Author: Ruhul Amin Sarker,Charles S. Newton

Publisher: CRC Press

ISBN: 9781420043112

Category: Technology & Engineering

Page: 502

View: 2359

Although a useful and important tool, the potential of mathematical modelling for decision making is often neglected. Considered an art by many and weird science by some, modelling is not as widely appreciated in problem solving and decision making as perhaps it should be. And although many operations research, management science, and optimization books touch on modelling techniques, the short shrift they usually get in coverage is reflected in their minimal application to problems in the real world. Illustrating the important influence of modelling on the decision making process, Optimization Modelling: A Practical Approach helps you come to grips with a wide range of modelling techniques. Highlighting the modelling aspects of optimization problems, the authors present the techniques in a clear and straightforward manner, illustrated by examples. They provide and analyze the formulation and modelling of a number of well-known theoretical and practical problems and touch on solution approaches. The book demonstrates the use of optimization packages through the solution of various mathematical models and provides an interpretation of some of those solutions. It presents the practical aspects and difficulties of problem solving and solution implementation and studies a number of practical problems. The book also discusses the use of available software packages in solving optimization models without going into difficult mathematical details and complex solution methodologies. The emphasis on modelling techniques rather than solution algorithms sets this book apart. It is a single source for a wide range of methods, classic theoretical and practical problems, data collection and input preparation, the use of different optimization software, and practical issues of modelling, model solving, and implementation. The authors draw directly from their experience to provide lessons learned when applying modelling techniques to practical problem solving and implementation difficulties.
Posted in Technology & Engineering

Optimization Models

Author: Giuseppe C. Calafiore,Laurent El Ghaoui

Publisher: Cambridge University Press

ISBN: 1139992937

Category: Mathematics

Page: N.A

View: 4837

Emphasizing practical understanding over the technicalities of specific algorithms, this elegant textbook is an accessible introduction to the field of optimization, focusing on powerful and reliable convex optimization techniques. Students and practitioners will learn how to recognize, simplify, model and solve optimization problems - and apply these principles to their own projects. A clear and self-contained introduction to linear algebra demonstrates core mathematical concepts in a way that is easy to follow, and helps students to understand their practical relevance. Requiring only a basic understanding of geometry, calculus, probability and statistics, and striking a careful balance between accessibility and rigor, it enables students to quickly understand the material, without being overwhelmed by complex mathematics. Accompanied by numerous end-of-chapter problems, an online solutions manual for instructors, and relevant examples from diverse fields including engineering, data science, economics, finance, and management, this is the perfect introduction to optimization for undergraduate and graduate students.
Posted in Mathematics

Sustainable Logistics and Transportation

Optimization Models and Algorithms

Author: Didem Cinar,Konstantinos Gakis,Panos M. Pardalos

Publisher: Springer

ISBN: 3319692151

Category: Mathematics

Page: 264

View: 5026

Focused on the logistics and transportation operations within a supply chain, this book brings together the latest models, algorithms, and optimization possibilities. Logistics and transportation problems are examined within a sustainability perspective to offer a comprehensive assessment of environmental, social, ethical, and economic performance measures. Featured models, techniques, and algorithms may be used to construct policies on alternative transportation modes and technologies, green logistics, and incentives by the incorporation of environmental, economic, and social measures. Researchers, professionals, and graduate students in urban regional planning, logistics, transport systems, optimization, supply chain management, business administration, information science, mathematics, and industrial and systems engineering will find the real life and interdisciplinary issues presented in this book informative and useful.
Posted in Mathematics

Approximation Methods for Polynomial Optimization

Models, Algorithms, and Applications

Author: Zhening Li,Simai He,Shuzhong Zhang

Publisher: Springer Science & Business Media

ISBN: 1461439841

Category: Mathematics

Page: 124

View: 7367

Polynomial optimization have been a hot research topic for the past few years and its applications range from Operations Research, biomedical engineering, investment science, to quantum mechanics, linear algebra, and signal processing, among many others. In this brief the authors discuss some important subclasses of polynomial optimization models arising from various applications, with a focus on approximations algorithms with guaranteed worst case performance analysis. The brief presents a clear view of the basic ideas underlying the design of such algorithms and the benefits are highlighted by illustrative examples showing the possible applications. This timely treatise will appeal to researchers and graduate students in the fields of optimization, computational mathematics, Operations Research, industrial engineering, and computer science.
Posted in Mathematics

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

Author: Stefan Voß,David L. Woodruff

Publisher: Springer Science & Business Media

ISBN: 3540247645

Category: Business & Economics

Page: 233

View: 3408

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.
Posted in Business & Economics

Optimization Models Using Fuzzy Sets and Possibility Theory

Author: J. Kacprzyk,S.A. Orlovski

Publisher: Springer Science & Business Media

ISBN: 9400938691

Category: Mathematics

Page: 462

View: 9024

Optimization is of central concern to a number of discip lines. Operations Research and Decision Theory are often consi dered to be identical with optimizationo But also in other areas such as engineering design, regional policy, logistics and many others, the search for optimal solutions is one of the prime goals. The methods and models which have been used over the last decades in these areas have primarily been "hard" or "crisp", i. e. the solutions were considered to be either fea sible or unfeasible, either above a certain aspiration level or below. This dichotomous structure of methods very often forced the modeller to approximate real problem situations of the more-or-less type by yes-or-no-type models, the solutions of which might turn out not to be the solutions to the real prob lems. This is particularly true if the problem under considera tion includes vaguely defined relationships, human evaluations, uncertainty due to inconsistent or incomplete evidence, if na tural language has to be modelled or if state variables can only be described approximately. Until recently, everything which was not known with cer tainty, i. e. which was not known to be either true or false or which was not known to either happen with certainty or to be impossible to occur, was modelled by means of probabilitieso This holds in particular for uncertainties concerning the oc currence of events.
Posted in Mathematics

An Optimization Primer

On Models, Algorithms, and Duality

Author: Lawrence Nazareth

Publisher: Springer Science & Business Media

ISBN: 9780387211558

Category: Mathematics

Page: 108

View: 7678

This book introduces a general audience to the main facets of optimization. Very little mathematical background is assumed. It should appeal to students, teachers, and a general audience interested in how optimization affects their everyday life, such as people in business.
Posted in Mathematics

Integration of Information and Optimization Models for Routing in City Logistics

Author: Jan Ehmke

Publisher: Springer Science & Business Media

ISBN: 1461436281

Category: Business & Economics

Page: 198

View: 780

​As urban congestion continues to be an ever increasing problem, routing in these settings has become an important area of operations research. This monograph provides cutting-edge research, utilizing the recent advances in technology, to quantify the value of dynamic, time-dependent information for advanced vehicle routing in city logistics. The methodology of traffic data collection is enhanced by GPS based data collection, resulting in a comprehensive number of travel time records. Data Mining is also applied to derive dynamic information models as required by time-dependent optimization. Finally, well-known approaches of vehicle routing are adapted in order to handle dynamic information models. This book interweaves the usually distinct areas of traffic data collection, information retrieval and time-dependent optimization by an integrated methodological approach, which refers to synergies of Data Mining and Operations Research techniques by example of city logistics applications. These procedures will help improve the reliability of logistics services in congested urban areas.​
Posted in Business & Economics

Optimization Models in a Transition Economy

Author: Ivan V. Sergienko,Mikhail Mikhalevich,Ludmilla Koshlai

Publisher: Springer

ISBN: 1489975446

Category: Mathematics

Page: 334

View: 6540

This book opens new avenues in understanding mathematical models within the context of a transition economy. The exposition lays out the methods for combining different mathematical structures and tools to effectively build the next model that will accurately reflect real world economic processes. Mathematical modeling of weather phenomena allows us to forecast certain essential weather parameters without any possibility of changing them. By contrast, modeling of transition economies gives us the freedom to not only predict changes in important indexes of all types of economies, but also to influence them more effectively in the desired direction. Simply put: any economy, including a transitional one, can be controlled. This book is useful to anyone who wants to increase profits within their business, or improve the quality of their family life and the economic area they live in. It is beneficial for undergraduate and graduate students specializing in the fields of Economic Informatics, Economic Cybernetics, Applied Mathematics and Large Information Systems, as well as for professional economists, and employees of state planning and statistical organizations.
Posted in Mathematics

Requirements of Standards

Optimization Models and Algorithms

Author: Boris Goldengorin

Publisher: N.A


Category: Algorithms

Page: 219

View: 8444

Posted in Algorithms

Lean and Green Supply Chain Management

Optimization Models and Algorithms

Author: Turan Paksoy,Gerhard-Wilhelm Weber,Sandra Huber

Publisher: Springer

ISBN: 3319975110

Category: Business & Economics

Page: 270

View: 6825

This book presents the latest developments in optimization and optimal control models; exact, approximate and hybrid methods; and their applications in lean and green supply chains. It examines supply chain network design and modeling, closed loop supply chains, and lean, green, resilient and agile or responsive networks, and also discusses corporate social responsibility and occupational health and safety. It particularly focuses on supply chain management under uncertainty – employing stochastic or nonlinear modeling, simulation based studies and optimization – multi-criteria decision-making and applications of fuzzy set theory, and covers various aspects of supply chain management such as risk management, supplier selection or the design of automated warehouses. Lastly, using experimental applications and practical case studies, it shows the impact of lean and green applications on vehicle/fleet management and operations management.
Posted in Business & Economics

Stochastic Optimization Models in Finance

Author: W. T. Ziemba,R. G. Vickson

Publisher: Academic Press

ISBN: 1483273997

Category: Business & Economics

Page: 736

View: 2293

Stochastic Optimization Models in Finance focuses on the applications of stochastic optimization models in finance, with emphasis on results and methods that can and have been utilized in the analysis of real financial problems. The discussions are organized around five themes: mathematical tools; qualitative economic results; static portfolio selection models; dynamic models that are reducible to static models; and dynamic models. This volume consists of five parts and begins with an overview of expected utility theory, followed by an analysis of convexity and the Kuhn-Tucker conditions. The reader is then introduced to dynamic programming; stochastic dominance; and measures of risk aversion. Subsequent chapters deal with separation theorems; existence and diversification of optimal portfolio policies; effects of taxes on risk taking; and two-period consumption models and portfolio revision. The book also describes models of optimal capital accumulation and portfolio selection. This monograph will be of value to mathematicians and economists as well as to those interested in economic theory and mathematical economics.
Posted in Business & Economics

Operational Freight Carrier Planning

Basic Concepts, Optimization Models and Advanced Memetic Algorithms

Author: Jörn Schönberger

Publisher: Springer Science & Business Media

ISBN: 3540263411

Category: Science

Page: 164

View: 1956

This book represents the compilation of several research approaches on opera tional freight carrier planning carried out at the Chair of Logistics, University of Bremen. It took nearly three years from the first ideas to the final version, now in your hands. During this time, several persons helped me all the time to keep on going and to re-start when I got stuck in a dead end or when I could not see the wood for the trees. I am deeply indebted to them for their encouragement and comments. Prof. Dr. Herbert Kopfer, holder of the Chair of Logistics, introduced me into the field of operational transport planning. He motivated and supervised me. Furthermore, he supported me constantly and allowed me to be as free as possible in my research and encouraged me to be as creative as necessary. In addition, I have to thank Prof. Dr. Hans-Dietrich Haasis, Prof. Dr. Martin G. Mohrle and Prof. Dr. Thorsten Poddig. On behalf of all my colleagues, who supported me in numerous ways, I have to say thank you to Prof. Dr. Dirk C. Mattfeld, Prof. Dr. Christian Bierwirth, Henner Gratz, Prof. Dr. Elmar Erkens, Nadja Shigo and Katrin Dorow. They all helped me even with my most obscure and dubious problems. My family supported me all the time. They always showed me their trust and encouraged me continuously. Special thanks are dedicated to my parents Monika and Heinz-Jiirgen.
Posted in Science

Robust and Online Large-Scale Optimization

Models and Techniques for Transportation Systems

Author: Ravindra K. Ahuja,Rolf H. Möhring,Christos D. Zaroliagis

Publisher: Springer

ISBN: 364205465X

Category: Computers

Page: 423

View: 5367

Scheduled transportation networks give rise to very complex and large-scale networkoptimization problems requiring innovative solution techniques and ideas from mathematical optimization and theoretical computer science. Examples of scheduled transportation include bus, ferry, airline, and railway networks, with the latter being a prime application domain that provides a fair amount of the most complex and largest instances of such optimization problems. Scheduled transport optimization deals with planning and scheduling problems over several time horizons, and substantial progress has been made for strategic planning and scheduling problems in all transportation domains. This state-of-the-art survey presents the outcome of an open call for contributions asking for either research papers or state-of-the-art survey articles. We received 24 submissions that underwent two rounds of the standard peer-review process, out of which 18 were finally accepted for publication. The volume is organized in four parts: Robustness and Recoverability, Robust Timetabling and Route Planning, Robust Planning Under Scarce Resources, and Online Planning: Delay and Disruption Management.
Posted in Computers

Financial Optimization

Author: Stavros A. Zenios

Publisher: Cambridge University Press

ISBN: 9780521577779

Category: Business & Economics

Page: 350

View: 7397

The use of mathematical models in financial management is today common business practice. The state of the art is constantly being advanced by academia and refined by industry. This book achieves two objectives. First, it brings together the (apparently) diverse fields of finance and management science/operations research. It presents a variety of techniques used in complex problems for financial management: optimization, simulation, stochastic programming and supercomputing. Second, it links current industrial practices with academic research to a degree unparalleled by any previous publication in the field.
Posted in Business & Economics

Wireless Network Design

Optimization Models and Solution Procedures

Author: Jeff Kennington,Eli Olinick,Dinesh Rajan

Publisher: Springer Science & Business Media

ISBN: 9781441961112

Category: Business & Economics

Page: 373

View: 2422

This book surveys state-of-the-art optimization modeling for design, analysis, and management of wireless networks, such as cellular and wireless local area networks (LANs), and the services they deliver. The past two decades have seen a tremendous growth in the deployment and use of wireless networks. The current-generation wireless systems can provide mobile users with high-speed data services at rates substantially higher than those of the previous generation. As a result, the demand for mobile information services with high reliability, fast response times, and ubiquitous connectivity continues to increase rapidly. The optimization of system performance has become critically important both in terms of practical utility and commercial viability, and presents a rich area for research. In the editors' previous work on traditional wired networks, we have observed that designing low cost, survivable telecommunication networks involves extremely complicated processes. Commercial products available to help with this task typically have been based on simulation and/or proprietary heuristics. As demonstrated in this book, however, mathematical programming deserves a prominent place in the designer's toolkit. Convenient modeling languages and powerful optimization solvers have greatly facilitated the implementation of mathematical programming theory into the practice of commercial network design. These points are equally relevant and applicable in today’s world of wireless network technology and design. But there are new issues as well: many wireless network design decisions, such as routing and facility/element location, must be dealt with in innovative ways that are unique and distinct from wired (fiber optic) networks. The book specifically treats the recent research and the use of modeling languages and network optimization techniques that are playing particularly important and distinctive roles in the wireless domain.
Posted in Business & Economics