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This is a sequel to the book by Dr. A. Ashimov and his colleagues, Macroeconomic Analysis and Economic Policy Based on Parametric Control. The authors have expanded both the developed mathematical apparatus and the scope of problems and applications stemming from the practice of steering a national economy of a small country in the dynamic environment of the international economic order. The developed theoretical foundation is used in Chapter 1 to suggest a decision support system operating in the framework of state economic policy making. Chapter 2 presents various mathematical models built on the basis of the available statistical data and provides quality assessment of these models. Parametric control problems are being formulated on the basis of these models as problems of mathematical programming, and the obtained solutions are subjected to analyses and interpretations. This is demonstrated by the analysis of the effect of uncontrollable factors on the problem solutions. Chapter 3 is aimed at the modelling and analysis of cyclic phenomena in economics and their structural stability. Chapter 4 presents solutions of specific problems of national economy and analysis and interpretation of their solutions. In summary, the authors formulate comprehensive mathematical models of some critical mechanisms in micro economics previously known only on a qualitative level. They provide vigorous mathematical analysis of the models that justifies their applicability for the formulation of parametric control problems, and the existence of model-based solutions. The complexity of the resultant problems is addressed by the formulation of the appropriate algorithms. The described methodology leads to the development of computer-based decision support systems. .
Economic policy. --- Economic theory. --- Rational expectations (Economic theory). --- Business & Economics --- Economic Theory --- Macroeconomics. --- Economics --- Mathematical models. --- Operations research. --- Decision making. --- Economics. --- Macroeconomics/Monetary Economics//Financial Economics. --- Economic Policy. --- Operation Research/Decision Theory. --- Economics, Mathematical
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In the consumer packaged goods industry, usually a large number of final items are produced in a highly automated flow line production system. Florian Seeanner presents a mathematical model which is an improved version of the General Lot-Sizing and Scheduling Problem for Multiple production Stages (GLSPMS) to tackle the problem of shifting bottlenecks. Especially, a new meta-heuristic is developed which combines the principles of Variable Neighborhood Decomposition Search (VNDS) and Exchange. This VNDS+E heuristic is able to find very good solutions for the improved GLSPMS, including a real-world problem case. Finally, further model extensions, e.g., for scarce setup resources, are proposed. Contents · Simultaneous Lot-Sizing and Scheduling for Flow Line Production Systems · MIP Models and Heuristic Solution Procedures · Practical Application Target Groups · Researchers and students in the field of production planning · Executives in this area The Author Dr. Florian Seeanner wrote his dissertation under Prof. Dr. Herbert Meyr’s supervision at the Chair of Production and Supply Chain Management at the Technische Universität Darmstadt. The Editors The series Produktion und Logistik is edited by Prof. Dr. Bernhard Fleischmann, Prof. Dr. Martin Grunow, Prof. Dr. Hans-Otto Günther, Prof. Dr. Stefan Helber, Prof. Dr. Karl Inderfurth, Prof. Dr. Herbert Kopfer, Prof. Dr. Herbert Meyr, Prof. Dr. Thomas S. Spengler, Prof. Dr. Hartmut Stadtler, Prof. Dr. Horst Tempelmeier und Prof. Dr. Gerhard Wäscher.
Business & Economics --- Economic Theory --- Production planning. --- Manufacturing planning --- Process planning --- Business. --- Operations research. --- Decision making. --- Business and Management. --- Operation Research/Decision Theory. --- Planning --- Production engineering --- Operations Research/Decision Theory. --- Operational analysis --- Operational research --- Industrial engineering --- Management science --- Research --- System theory --- Deciding --- Decision (Psychology) --- Decision analysis --- Decision processes --- Making decisions --- Management --- Management decisions --- Choice (Psychology) --- Problem solving --- Decision making
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While many business schools are teaching “Global Operations Strategy” with self-made teaching materials, there are no such textbooks. Combining practical approaches with detailed theoretical underpinnings, this book provides theories, tools, frameworks, and techniques for global operations strategy, and brings real world perspectives to students and managers. Each chapter includes definition of key terms, introduction of fundamental theories, several short case examples, one long new case to explain the associated theories, and recommended further reading.
Competition. --- Corporate governance. --- Industrial management. --- International business enterprises. --- Management --- Business & Economics --- Management Theory --- Business. --- Leadership. --- Organization. --- Planning. --- Operations research. --- Decision making. --- Business and Management. --- Business Strategy/Leadership. --- Operation Research/Decision Theory. --- Operations Research/Decision Theory. --- Operational analysis --- Operational research --- Industrial engineering --- Management science --- Research --- System theory --- Organisation --- Ability --- Command of troops --- Followership --- Deciding --- Decision (Psychology) --- Decision analysis --- Decision processes --- Making decisions --- Management decisions --- Choice (Psychology) --- Problem solving --- Creation (Literary, artistic, etc.) --- Executive ability --- Organization --- Decision making
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The Analytic Network Process (ANP), developed by Thomas Saaty in his work on multicriteria decision making, applies network structures with dependence and feedback to complex decision making. This new edition of Decision Making with the Analytic Network Process is a selection of the latest applications of ANP to economic, social and political decisions, and also to technological design. The ANP is a methodological tool that is helpful to organize knowledge and thinking, elicit judgments registered in both in memory and in feelings, quantify the judgments and derive priorities from them, and finally synthesize these diverse priorities into a single mathematically and logically justifiable overall outcome. In the process of deriving this outcome, the ANP also allows for the representation and synthesis of diverse opinions in the midst of discussion and debate. The book focuses on the application of the ANP in three different areas: economics, the social sciences and the linking of measurement with human values. Economists can use the ANP for an alternate approach for dealing with economic problems than the usual mathematical models on which economics bases its quantitative thinking. For psychologists, sociologists and political scientists, the ANP offers the methodology they have sought for some time to quantify and derive measurements for intangibles. Finally the book applies the ANP to provide people in the physical and engineering sciences with a quantitative method to link hard measurement to human values. In such a process, one is able to interpret the true meaning of measurements made on a uniform scale using a unit.
Business. --- Decision making -- Mathematical models. --- Problem solving. --- Management --- Business & Economics --- Management Theory --- Decision making --- Mathematical models. --- Operations research. --- Decision making. --- Management science. --- Econometrics. --- Business and Management. --- Operation Research/Decision Theory. --- Operations Research, Management Science. --- Methodology --- Psychology --- Executive functions (Neuropsychology) --- Operations Research/Decision Theory. --- Economics, Mathematical --- Statistics --- Operational analysis --- Operational research --- Industrial engineering --- Management science --- Research --- System theory --- Quantitative business analysis --- Problem solving --- Operations research --- Statistical decision --- Deciding --- Decision (Psychology) --- Decision analysis --- Decision processes --- Making decisions --- Management decisions --- Choice (Psychology)
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This book documents the history of two research papers, from the first drafts to the final polished published articles, including the reviewer comments and the author responses. The documentary provides unique insights into the publishing process, which at times is filled with uncertainties, not only for young researchers. The book discusses lessons learned and also provides an experienced editor's and reviewer's perspective. In the light of the high pressure on young faculty to publish successfully, this book offers itself as a guide to publishing efficiently and effectively in a highly competitive scientific environment.
Decision making -- Publishing. --- Management literature -- Publishing. --- Management science -- Publishing. --- Management --- Business & Economics --- Management Theory --- Management literature --- Management science --- Decision making --- Publishing --- Deciding --- Decision (Psychology) --- Decision analysis --- Decision processes --- Making decisions --- Management decisions --- Quantitative business analysis --- Business. --- Management science. --- Operations research. --- Decision making. --- Business and Management. --- Operation Research/Decision Theory. --- Operations Research, Management Science. --- Business and Management, general. --- Choice (Psychology) --- Problem solving --- Operations research --- Statistical decision --- Operations Research/Decision Theory. --- Trade --- Economics --- Commerce --- Industrial management --- Operational analysis --- Operational research --- Industrial engineering --- Research --- System theory
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The positive reciprocal pairwise comparison matrix (PCM) is one of the key components which is used to quantify the qualitative and/or intangible attributes into measurable quantities. This book examines six understudied issues of PCM, i.e. consistency test, inconsistent data identification and adjustment, data collection, missing or uncertain data estimation, and sensitivity analysis of rank reversal. The maximum eigenvalue threshold method is proposed as the new consistency index for the AHP/ANP. An induced bias matrix model (IBMM) is proposed to identify and adjust the inconsistent data, and estimate the missing or uncertain data. Two applications of IBMM including risk assessment and decision analysis, task scheduling and resource allocation in cloud computing environment, are introduced to illustrate the proposed IBMM.
Decision making -- Data processing. --- Decision support systems. --- Electronic data processing -- Distributed processing -- Management. --- Decision making --- Electronic data processing --- Management --- Business & Economics --- Management Theory --- Data processing --- Mathematical models --- Distributed processing --- Decision making. --- Business --- Data processing. --- Deciding --- Decision (Psychology) --- Decision analysis --- Decision processes --- Making decisions --- Management decisions --- Business. --- Operations research. --- Business and Management. --- Operation Research/Decision Theory. --- Choice (Psychology) --- Problem solving --- Operations Research/Decision Theory. --- Operational analysis --- Operational research --- Industrial engineering --- Management science --- Research --- System theory
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The development of U.S. urban transportation policy over the past half-century illustrates the changing relationships among federal, state, and local governments and the private sector. This comprehensive text examines the evolution of urban transportation planning from early developments in highway planning in the 1930s to today’s concerns over sustainable development, security, and pollution control. Highlighting major national events, the book examines the influence of legislation, regulations, conferences, federal programs, and advances in planning procedures and technology. The volume provides in-depth coverage of the most significant event in transportation planning, the Federal-Aid Highway Act of 1962, which created a federal mandate for a comprehensive urban transportation planning process, carried out cooperatively by states and local governments with federal funding. Claiming that urban transportation planning is more sophisticated, costly, and complex than its highway and transit planning predecessors, the book demonstrates how urban transportation planning evolved in response to changes in such factors as the environment, energy, development patterns, intergovernmental coordination, and federal transit programs. This updated, revised, and expanded edition features two new chapters on global climate change and managing under conditions of constrained resources, and covers the impact of the most recent legislation, 50 years after the Highway Act of 1962, emphasizing such timely issues as security, oil dependence, performance measurement, and public-private sector collaboration.
Transportation -- United States -- Planning. --- Urban transportation policy -- United States -- History. --- Urban transportation policy -- United States. --- Urban transportation policy --- Management --- Business & Economics --- Management Theory --- Transportation Economics --- History --- Urban transportation --- History. --- State and urban transportation --- Urban transportation and state --- Government policy --- Business. --- Operations research. --- Decision making. --- Regional planning. --- Urban planning. --- Environmental law. --- Environmental policy. --- Business and Management. --- Operation Research/Decision Theory. --- Landscape/Regional and Urban Planning. --- Environmental Law/Policy/Ecojustice. --- Transportation and state --- Urban policy
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Although several books or monographs on multiobjective optimization under uncertainty have been published, there seems to be no book which starts with an introductory chapter of linear programming and is designed to incorporate both fuzziness and randomness into multiobjective programming in a unified way. In this book, five major topics, linear programming, multiobjective programming, fuzzy programming, stochastic programming, and fuzzy stochastic programming, are presented in a comprehensive manner. Especially, the last four topics together comprise the main characteristics of this book, and special stress is placed on interactive decision making aspects of multiobjective programming for human-centered systems in most realistic situations under fuzziness and/or randomness. Organization of each chapter is briefly summarized as follows: Chapter 2 is a concise and condensed description of the theory of linear programming and its algorithms. Chapter 3 discusses fundamental notions and methods of multiobjective linear programming and concludes with interactive multiobjective linear programming. In Chapter 4, starting with clear explanations of fuzzy linear programming and fuzzy multiobjective linear programming, interactive fuzzy multiobjective linear programming is presented. Chapter 5 gives detailed explanations of fundamental notions and methods of stochastic programming including two-stage programming and chance constrained programming. Chapter 6 develops several interactive fuzzy programming approaches to multiobjective stochastic programming problems. Applications to purchase and transportation planning for food retailing are considered in Chapter 7. The book is self-contained because of the three appendices and answers to problems. Appendix A contains a brief summary of the topics from linear algebra. Pertinent results from nonlinear programming are summarized in Appendix B. Appendix C is a clear explanation of the Excel Solver, one of the easiest ways to solve optimization problems, through the use of simple examples of linear and nonlinear programming.
Management --- Business & Economics --- Management Theory --- Business. --- Operations research. --- Decision making. --- Management science. --- Probabilities. --- Business and Management. --- Operation Research/Decision Theory. --- Operations Research, Management Science. --- Probability Theory and Stochastic Processes. --- Distribution (Probability theory. --- Operations Research/Decision Theory. --- Operational analysis --- Operational research --- Industrial engineering --- Management science --- Research --- System theory --- Distribution functions --- Frequency distribution --- Characteristic functions --- Probabilities --- Economics. --- Distribution (Probability theory) --- Probability --- Statistical inference --- Combinations --- Mathematics --- Chance --- Least squares --- Mathematical statistics --- Risk --- Quantitative business analysis --- Problem solving --- Operations research --- Statistical decision --- Deciding --- Decision (Psychology) --- Decision analysis --- Decision processes --- Making decisions --- Management decisions --- Choice (Psychology) --- Decision making
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Risk models are models of uncertainty, engineered for some purposes. They are “educated guesses and hypotheses” assessed and valued in terms of well-defined future states and their consequences. They are engineered to predict, to manage countable and accountable futures and to provide a frame of reference within which we may believe that “uncertainty is tamed.” Quantitative-statistical tools are used to reconcile our information, experience and other knowledge with hypotheses that both serve as the foundation of risk models and also value and price risk. Risk models are therefore common to most professions, each with its own methods and techniques based on their needs, experience and a wisdom accrued over long periods of time. This book provides a broad and interdisciplinary foundation to engineering risks and to their financial valuation and pricing. Risk models applied in industry and business, heath care, safety, the environment and regulation are used to highlight their variety while financial valuation techniques are used to assess their financial consequences. This book is technically accessible to all readers and students with a basic background in probability and statistics (with 3 chapters devoted to introduce their elements). Principles of risk measurement, valuation and financial pricing as well as the economics of uncertainty are outlined in 5 chapters with numerous examples and applications. New results, extending classical models such as the CCAPM are presented providing insights to assess the risks and their price in an interconnected, dependent and strategic economic environment. In an environment departing from the fundamental assumptions we make regarding financial markets, the book provides a strategic/game-like approach to assess the risk and the opportunities that such an environment implies. To control these risks, a strategic-control approach is developed that recognizes that many risks result by “what we do” as well as “what others do”. In particular we address the strategic and statistical control of compliance in large financial institutions confronted increasingly with a complex and far more extensive regulation.
Corporate governance. --- Engineering. --- Finance. --- Management --- Business & Economics --- Management Theory --- Risk management. --- Engineering --- Management. --- Civil engineering --- Structural engineering --- Business. --- Operations research. --- Decision making. --- Applied mathematics. --- Engineering mathematics. --- Engineering economics. --- Engineering economy. --- Business and Management. --- Operation Research/Decision Theory. --- Engineering Economics, Organization, Logistics, Marketing. --- Appl.Mathematics/Computational Methods of Engineering. --- Insurance --- Operations Research/Decision Theory. --- Mathematical and Computational Engineering. --- Engineering analysis --- Mathematical analysis --- Economy, Engineering --- Engineering economics --- Industrial engineering --- Operational analysis --- Operational research --- Management science --- Research --- System theory --- Mathematics --- Deciding --- Decision (Psychology) --- Decision analysis --- Decision processes --- Making decisions --- Management decisions --- Choice (Psychology) --- Problem solving --- Decision making
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The Pipeline and Hazardous Materials Safety Administration of the U.S. Department of Transportation defines hazardous materials (hazmat) as a substance or material capable of posing an unreasonable risk to health, safety, or property when transported in commerce. Hazmat accidents can result in significant impact to the population (death, injuries) and damage to the environment (destroyed or damaged buildings and infrastructure). Further, hazmat, especially explosive materials, can potentially be used by terrorists to attack civilians or to destroy critical infrastructure. This handbook provides models from Operations Research and Management Science that study various activities involving hazmat transportation: risk assessment, route planning, location decisions, evacuation planning, and emergency planning for terrorist attacks. There are two important research areas in hazmat transportation that are widely studied in the literature: risk assessment and shipment planning. In the risk assessment area, important issues include measurement of accident probabilities and consequences in hazmat transport. Example works in the risk assessment area include modeling risk probability distribution over given areas, considering hazmat types and transport modes, and environmental conditions. The first half of this handbook covers the two fields of risk assessment and shipment planning, while the second half of this handbook provides useful models and insights on other important issues including location problems for undesirable facilities, network interdiction, terrorist attack, and evacuation.
Hazardous substances --- Operations research --- Management science --- Management --- Business & Economics --- Management Theory --- Transportation --- Operations research. --- Management science. --- Quantitative business analysis --- Operational analysis --- Operational research --- Business. --- Transportation. --- Decision making. --- Business and Management. --- Operation Research/Decision Theory. --- Operations Research, Management Science. --- Problem solving --- Statistical decision --- Industrial engineering --- Research --- System theory --- Operations Research/Decision Theory. --- Public transportation --- Transport --- Transportation, Primitive --- Transportation companies --- Transportation industry --- Locomotion --- Commerce --- Communication and traffic --- Storage and moving trade --- Deciding --- Decision (Psychology) --- Decision analysis --- Decision processes --- Making decisions --- Management decisions --- Choice (Psychology) --- Economic aspects --- Decision making
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