Applications of Operational Research and Mathematical Models in Management

Applications of Operational Research and Mathematical Models in Management

Author: Miltiadis Chalikias

Publisher: MDPI

Published: 2020-11-17

Total Pages: 182

ISBN-13: 3039433806

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This book, Applications of Operational Research and Mathematical Models in Management, includes all the papers published in the Mathematics Special Issue with the same title. All the published papers are of high quality and were subjected to rigorous peer review. Mathematics is included in the Science Citation Index (Web of Science), and its current Impact Factor is 1.747. The papers in this book deal with on R&D performance models, methods for ranking the perspectives and indicators of a balance scorecard, robust optimization model applications, integrated production and distribution problem solving, demand functions, supply chain games, probabilistic optimization and profit research, coordinated techniques for order preference, robustness approaches in bank capital optimization, and hybrid methods for tourism demand forecasting. All the papers included contribute to the development of research.


Operational Research Tools for Solving Sustainable Engineering Problems

Operational Research Tools for Solving Sustainable Engineering Problems

Author: Dragan Pamučar

Publisher: Mdpi AG

Published: 2022-02-07

Total Pages: 564

ISBN-13: 9783036517964

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The need for operational research (OR) tools and techniques is manifested in its ability to balance conflicting objectives (goals or interests) where there are many alternative courses of action available to the decision-maker when resources, time, and funds are limited. Therefore, beyond the domain of theoretical knowledge and model-building activities, OR has all of the pervasive applications in decision making regarding problems in sustainable engineering, sustainable society, and business. OR tools and techniques find applications in all aspects of sustainability operations, such as sustainable supply chain planning, sustainable distribution, sustainable traffic flow optimization, industrial waste reduction, energy conservation, sustainable city planning, etc. Over the years, the applications of OR have been extended to solving the problems of communication of information and socio-economic fields. In this context, the academic community needs to take the lead in the design, development, and demonstration of sustainable operational research models, endowed and supported by organizations.


Principles of Mathematics in Operations Research

Principles of Mathematics in Operations Research

Author: Levent Kandiller

Publisher: Springer Science & Business Media

Published: 2006-12-18

Total Pages: 303

ISBN-13: 0387377352

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This book is a comprehensive survey of the mathematical concepts and principles of industrial mathematics. Its purpose is to provide students and professionals with an understanding of the fundamental mathematical principles used in Industrial Mathematics/OR in modeling problems and application solutions. All the concepts presented in each chapter have undergone the learning scrutiny of the author and his students. The illustrative material throughout the book was refined for student comprehension as the manuscript developed through its iterations, and the chapter exercises are refined from the previous year's exercises.


Operations Research

Operations Research

Author: Michael Carter

Publisher: CRC Press

Published: 2018-08-06

Total Pages: 448

ISBN-13: 1498780113

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Operations Research: A Practical Introduction is just that: a hands-on approach to the field of operations research (OR) and a useful guide for using OR techniques in scientific decision making, design, analysis and management. The text accomplishes two goals. First, it provides readers with an introduction to standard mathematical models and algorithms. Second, it is a thorough examination of practical issues relevant to the development and use of computational methods for problem solving. Highlights: All chapters contain up-to-date topics and summaries A succinct presentation to fit a one-term course Each chapter has references, readings, and list of key terms Includes illustrative and current applications New exercises are added throughout the text Software tools have been updated with the newest and most popular software Many students of various disciplines such as mathematics, economics, industrial engineering and computer science often take one course in operations research. This book is written to provide a succinct and efficient introduction to the subject for these students, while offering a sound and fundamental preparation for more advanced courses in linear and nonlinear optimization, and many stochastic models and analyses. It provides relevant analytical tools for this varied audience and will also serve professionals, corporate managers, and technical consultants.


Robust Optimization

Robust Optimization

Author: Aharon Ben-Tal

Publisher: Princeton University Press

Published: 2009-08-10

Total Pages: 565

ISBN-13: 1400831059

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Robust optimization is still a relatively new approach to optimization problems affected by uncertainty, but it has already proved so useful in real applications that it is difficult to tackle such problems today without considering this powerful methodology. Written by the principal developers of robust optimization, and describing the main achievements of a decade of research, this is the first book to provide a comprehensive and up-to-date account of the subject. Robust optimization is designed to meet some major challenges associated with uncertainty-affected optimization problems: to operate under lack of full information on the nature of uncertainty; to model the problem in a form that can be solved efficiently; and to provide guarantees about the performance of the solution. The book starts with a relatively simple treatment of uncertain linear programming, proceeding with a deep analysis of the interconnections between the construction of appropriate uncertainty sets and the classical chance constraints (probabilistic) approach. It then develops the robust optimization theory for uncertain conic quadratic and semidefinite optimization problems and dynamic (multistage) problems. The theory is supported by numerous examples and computational illustrations. An essential book for anyone working on optimization and decision making under uncertainty, Robust Optimization also makes an ideal graduate textbook on the subject.


Mathematical Methods in Applied Sciences

Mathematical Methods in Applied Sciences

Author: Luigi Rodino

Publisher: MDPI

Published: 2020-03-13

Total Pages: 160

ISBN-13: 3039284967

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This book includes the seven papers that contributed to the Special Issue of Mathematics entitled “Mathematical Methods in Applied Sciences”. The papers are authored by eminent specialists and aim at presenting to a broad audience some mathematical models which appear in different aspects of modern life. New results in Computational Mathematics are given as well. Emphasis is on Medicine and Public Health, in relation also with Social Sciences. The models in this collection apply in particular to the study of brain cells during a stroke, training management efficiency for elite athletes, and optimal surgical operation scheduling. Other models concern Industry and Economy, as well as Biology and Chemistry. Numerical Methods are represented in particular by scattered data interpolation, spectral collocation, and the use of eigenvalues and eigenvectors of the Laplacian matrix. This book will appeal to scientists, teachers, and graduate students in Mathematics, in particular Numerical Analysis, and will be of interest for scholars in Applied Sciences, particularly in Medicine and Public Health.


Encyclopedia of Operations Research and Management Science

Encyclopedia of Operations Research and Management Science

Author: Saul I. Gass

Publisher: Springer Science & Business Media

Published: 2012-12-06

Total Pages: 774

ISBN-13: 1461304598

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Operations Research: 1934-1941," 35, 1, 143-152; "British The goal of the Encyclopedia of Operations Research and Operational Research in World War II," 35, 3, 453-470; Management Science is to provide to decision makers and "U. S. Operations Research in World War II," 35, 6, 910-925; problem solvers in business, industry, government and and the 1984 article by Harold Lardner that appeared in academia a comprehensive overview of the wide range of Operations Research: "The Origin of Operational Research," ideas, methodologies, and synergistic forces that combine to 32, 2, 465-475. form the preeminent decision-aiding fields of operations re search and management science (OR/MS). To this end, we The Encyclopedia contains no entries that define the fields enlisted a distinguished international group of academics of operations research and management science. OR and MS and practitioners to contribute articles on subjects for are often equated to one another. If one defines them by the which they are renowned. methodologies they employ, the equation would probably The editors, working with the Encyclopedia's Editorial stand inspection. If one defines them by their historical Advisory Board, surveyed and divided OR/MS into specific developments and the classes of problems they encompass, topics that collectively encompass the foundations, applica the equation becomes fuzzy. The formalism OR grew out of tions, and emerging elements of this ever-changing field. We the operational problems of the British and U. s. military also wanted to establish the close associations that OR/MS efforts in World War II.


The Interface of Finance, Operations, and Risk Management

The Interface of Finance, Operations, and Risk Management

Author: Volodymyr Babich

Publisher:

Published: 2021-06-16

Total Pages: 218

ISBN-13: 9781680837964

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This monograph, as entitled, defines and describes the research field at the interface of Finance, Operations, and Risk Management (iFORM), provides examples where operations and finance overlap in meaningful ways, outlines promising research directions, and reduces the entry cost for anyone who would like to explore this new and exciting research field. The intended audience for this article includes both PhD students in operations management (OM), finance, and economics, who are looking for dissertation topics, and experienced researchers looking for novel applications of their expertise. The following outlines the rest of this article. Chapter 2 compares perspectives of finance and operations on the same topic: the firm. This motivates the key questions in finance, which is presented in the finance primer in chapter 3 and key questions in OM, which is presented in the OM primer in chapter 4. Having discussed key ideas from these disciplines separately, chapter 5 examines how OM and finance intersect in meaningful ways and suggest several promising research directions. Chapter 6 presents a "dos and don'ts list for publishing and reviewing iFORM papers.