An Adjustable Fuzzy Chance-Constrained Network DEA Approach with Application to Ranking Investment Firms

This paper presents a novel approach for performance appraisal and ranking of decision-making units (DMUs) with two-stage network structure in the presence of imprecise and vague data. In order to achieve this goal, two-stage data envelopment analysis (DEA) model, adjustable possibilistic programming (APP), and chance-constrained programming (CCP) are applied to propose the new fuzzy network data envelopment analysis (FNDEA) approach. The main advantages of the proposed FNDEA approach can be summarized as follows: linearity of the proposed FNDEA models, unique efficiency decomposing under ambiguity, capability to extending for other network structures. Moreover, FNDEA approach can be applied for ranking of two-stage DMUs under fuzzy environment in three stages: 1) solving the proposed FNDEA model for all optimistic-pessimistic viewpoints and confidence levels, 2) then plotting the results and drawing the surface of all efficiency scores, 3) and finally calculate the volume of the three-dimensional shape in below the efficiency surface. This volume can be as ranking criterion. Remarkably, the presented fuzzy network DEA approach is implemented for performance appraisal and ranking of investment firms (IFs) with two-stage processes including operational and portfolio management process. Illustrative results of the real-life case study show that the proposed approach is effective and practically very useful

Gresilient supplier assessment and order allocation planning

Companies are under pressure to re-engineer their supply chains to ‘go green’ while simultaneously improving their resilience to cope with unexpected disruptions where the supplier selection decision plays a strategic role. We present a new approach to supplier evaluation and allocating the optimal order quantity from each supplier with respect to green and resilience (Gresilience) characteristics. An integrated framework that considers traditional business, green and resilience criteria and sub-criteria was developed, followed by a calculation of importance weight of criteria and sub-criteria using analytical hierarchy process (AHP). We evaluate suppliers using the technique for order of preference by similarity to ideal solution (TOPSIS). The obtained weights from AHP and TOPSIS were integrated into a developed multi-objective programming model used as an order allocation planner and the ε-constraint method was used to solve the multi-objective optimization problem. TOPSIS was applied to select the final Pareto solution based on its closeness from the ideal solution. The applicability and effectiveness of the proposed approach was illustrated using a real case study through a comparatively meaningful ranking of suppliers. The study provides a helpful aid for managers seeking to improve their supply chain resilience along with ‘go green’ responsibilities

Multi-scale modelling and optimisation of sustainable chemical processes

This dissertation explores the process modelling and optimisation of chemical processes under sustainability criteria. Resting on process systems engineering techniques combined with life cycle assessment (LCA), we present implementation strategies to improve flowsheet performance and reduce environmental impacts from early design stages. We first address the relevance of sustainability assessments in the sector and present process and environmental modelling techniques available. Under the observation that chemical processes are subject to market, technical, and environmental fluctuations, we next present an approach to account for these uncertainties. Process optimisation is then tackled by combining surrogate modelling, objective-reduction, and multi-criteria decision analysis tools. The framework proved the enhancement of the assessments by reducing the use of computational resources and allowing the ranking of optimal alternatives based on the concept of efficiency. We finally introduce a scheme to assess sustainable performance at a multi-scale level, from catalysis development to planet implications. This approach aims to provide insights about the role of catalysis and establish priorities for process development, while also introducing absolute sustainability metrics via the concept of ‘Planetary boundaries’. Ultimately, this allows a clear view of the impact that a process incurs in the current and future status of the Earth. The capabilities of the methods developed are tested in relevant applications that address challenges in the sector to attain sustainable performance. We present how concepts like circular economy, waste valorisation, and renewable raw materials can certainly bring benefits to the industry compared to their fossil-based alternatives. However, we also show that the development of new processes and technologies is very likely to shift environmental impacts from one category to another, concluding that cross-sectorial cooperation will become essential to meet sustainability targets, such as those determined by the Sustainable Development Goals.Open Acces

Operational Research: Methods and Applications

Throughout its history, Operational Research has evolved to include a variety of methods, models and algorithms that have been applied to a diverse and wide range of contexts. This encyclopedic article consists of two main sections: methods and applications. The first aims to summarise the up-to-date knowledge and provide an overview of the state-of-the-art methods and key developments in the various subdomains of the field. The second offers a wide-ranging list of areas where Operational Research has been applied. The article is meant to be read in a nonlinear fashion. It should be used as a point of reference or first-port-of-call for a diverse pool of readers: academics, researchers, students, and practitioners. The entries within the methods and applications sections are presented in alphabetical order. The authors dedicate this paper to the 2023 Turkey/Syria earthquake victims. We sincerely hope that advances in OR will play a role towards minimising the pain and suffering caused by this and future catastrophes

Operational Research: Methods and Applications

Throughout its history, Operational Research has evolved to include a variety of methods, models and algorithms that have been applied to a diverse and wide range of contexts. This encyclopedic article consists of two main sections: methods and applications. The first aims to summarise the up-to-date knowledge and provide an overview of the state-of-the-art methods and key developments in the various subdomains of the field. The second offers a wide-ranging list of areas where Operational Research has been applied. The article is meant to be read in a nonlinear fashion. It should be used as a point of reference or first-port-of-call for a diverse pool of readers: academics, researchers, students, and practitioners. The entries within the methods and applications sections are presented in alphabetical order