69 research outputs found

    Mapping MBA Programme: An Alternative Analysis

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    Heuristic Solutions for Loading in Flexible Manufacturing Systems

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    Production planning in flexible manufacturing system deals with the efficient organization of the production resources in order to meet a given production schedule. It is a complex problem and typically leads to several hierarchical subproblems that need to be solved sequentially or simultaneously. Loading is one of the planning subproblems that has to addressed. It involves assigning the necessary operations and tools among the various machines in some optimal fashion to achieve the production of all selected part types. In this paper, we first formulate the loading problem as a 0-1 mixed integer program and then propose heuristic procedures based on Lagrangian relaxation and tabu search to solve the problem. Computational results are presented for all the algorithms and finally, conclusions drawn based on the results are discussed

    Replica Creation Algorithm for Data Grids

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    Data grid system is a data management infrastructure that facilitates reliable access and sharing of large amount of data, storage resources, and data transfer services that can be scaled across distributed locations. This thesis presents a new replication algorithm that improves data access performance in data grids by distributing relevant data copies around the grid. The new Data Replica Creation Algorithm (DRCM) improves performance of data grid systems by reducing job execution time and making the best use of data grid resources (network bandwidth and storage space). Current algorithms focus on number of accesses in deciding which file to replicate and where to place them, which ignores resources’ capabilities. DRCM differs by considering both user and resource perspectives; strategically placing replicas at locations that provide the lowest transfer cost. The proposed algorithm uses three strategies: Replica Creation and Deletion Strategy (RCDS), Replica Placement Strategy (RPS), and Replica Replacement Strategy (RRS). DRCM was evaluated using network simulation (OptorSim) based on selected performance metrics (mean job execution time, efficient network usage, average storage usage, and computing element usage), scenarios, and topologies. Results revealed better job execution time with lower resource consumption than existing approaches. This research contributes replication strategies embodied in one algorithm that enhances data grid performance, capable of making a decision on creating or deleting more than one file during same decision. Furthermore, dependency-level-between-files criterion was utilized and integrated with the exponential growth/decay model to give an accurate file evaluation

    On Ascending Vickrey Auctions for Heterogeneous Objects

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    Vickrey auctions, multi-item auctions, combinatorial auctions,

    Stronger Lagrangian bounds by use of slack variables: applications to machine scheduling problems

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    Lagrangian relaxation is a powerful bounding technique that has been applied successfully to manyNP-hard combinatorial optimization problems. The basic idea is to see anNP-hard problem as an easy-to-solve problem complicated by a number of nasty side constraints. We show that reformulating nasty inequality constraints as equalities by using slack variables leads to stronger lower bounds. The trick is widely applicable, but we focus on a broad class of machine scheduling problems for which it is particularly useful. We provide promising computational results for three problems belonging to this class for which Lagrangian bounds have appeared in the literature: the single-machine problem of minimizing total weighted completion time subject to precedence constraints, the two-machine flow-shop problem of minimizing total completion time, and the single-machine problem of minimizing total weighted tardiness

    What it takes to design a supply chain resilient to major disruptions and recurrent interruptions

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    Global supply chains are more than ever under threat of major disruptions caused by devastating natural and man-made disasters as well as recurrent interruptions caused by variations in supply and demand. This paper presents an optimization model for designing a supply chain resilient to (1) supply/demand interruptions and (2) facility disruptions whose probability of occurrence and magnitude of impact can be mitigated through fortification investments. Numerical results and managerial insights obtained from model implementation are presented. Our analysis focuses on how supply chain design decisions are influenced by facility fortification strategies, a decision maker’s conservatism degree, demand fluctuations, supply capacity variations, and budgetary constraints. Finally, examining the performance of the proposed model using a Monte Carlo simulation method provides additional insights and practical implications

    Computer-based decision support for railway traffic scheduling and dispatching: A review of models and algorithms

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    This paper provides an overview of the research in railway scheduling and dispatching. A distinction is made between tactical scheduling, operational scheduling and re-scheduling. Tactical scheduling refers to master scheduling, whereas operational scheduling concerns scheduling at a later stage. Re-scheduling focuses on the re-planning of an existing timetable when deviations from it have occurred. 48 approaches published between 1973 and 2005 have been reviewed according to a framework that classifies them with respect to problem type, solution mechanism, and type of evaluation. 26 of the approaches support the representation of a railway network rather than a railway line, but the majority has been experimentally evaluated for traffic on a line. 94 % of the approaches have been subject to some kind of experimental evaluation, while approximately 4 % have been implemented. The solutions proposed vary from myopic, priority-based algorithms, to traditional operations research techniques and the application of agent technology.This paper provides an overview of the research in railway scheduling and dispatching. A distinction is made between tactical scheduling, operational scheduling and re-scheduling. Tactical scheduling refers to master scheduling, whereas operational scheduling concerns scheduling at a later stage. Re-scheduling focuses on the re-planning of an existing timetable when deviations from it have occurred. 48 approaches published between 1973 and 2005 have been reviewed according to a framework that classifies them with respect to problem type, solution mechanism, and type of evaluation. 26 of the approaches support the representation of a railway network rather than a railway line, but the majority has been experimentally evaluated for traffic on a line. 94 % of the approaches have been subject to some kind of experimental evaluation, while approximately 4 % have been implemented. The solutions proposed vary from myopic, priority-based algorithms, to traditional operations research techniques and the application of agent technology

    Modeling of RFID-Enabled Real-Time Manufacturing Execution System in Mixed-Model Assembly Lines

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    To quickly respond to the diverse product demands, mixed-model assembly lines are well adopted in discrete manufacturing industries. Besides the complexity in material distribution, mixed-model assembly involves a variety of components, different process plans and fast production changes, which greatly increase the difficulty for agile production management. Aiming at breaking through the bottlenecks in existing production management, a novel RFID-enabled manufacturing execution system (MES), which is featured with real-time and wireless information interaction capability, is proposed to identify various manufacturing objects including WIPs, tools, and operators, etc., and to trace their movements throughout the production processes. However, being subject to the constraints in terms of safety stock, machine assignment, setup, and scheduling requirements, the optimization of RFID-enabled MES model for production planning and scheduling issues is a NP-hard problem. A new heuristical generalized Lagrangian decomposition approach has been proposed for model optimization, which decomposes the model into three subproblems: computation of optimal configuration of RFID senor networks, optimization of production planning subjected to machine setup cost and safety stock constraints, and optimization of scheduling for minimized overtime. RFID signal processing methods that could solve unreliable, redundant, and missing tag events are also described in detail. The model validity is discussed through algorithm analysis and verified through numerical simulation. The proposed design scheme has important reference value for the applications of RFID in multiple manufacturing fields, and also lays a vital research foundation to leverage digital and networked manufacturing system towards intelligence

    A Two-Period Portfolio Selection Model for Asset-backed Securitization

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    Asset-Backed Securitization (ABS) is a well-stated financial mechanism which allows an institution (either a commercial bank or a firm) to get funds through the conversion of assets into capital market products called notes or asset-backed securities. In this paper, we analyze the combinatorial problem faced by the financial institution which has to optimally select the set of assets to be converted into notes. We assume that assets follow an amortization rule characterized by constant periodic principal installments (Italian amortization). The particular shape of the assets outstanding principal is exploited both in the mathematical formulation of the problem and in its solution. In particular, we study a model formulation for the special case where assets selection occurs at two dates during the securitization process. We introduce two heuristic approaches based on Lagrangian relaxation and analyze their worst-case behavior compared to the optimal solution value. The performance of the algorithms is tested on a large set of problem instances generated according to two real-world scenarios provided by a leasing company. The proposed approximation algorithms turn out to yield solutions of high quality within very short computation time. The comparison to the solution approach applied by practitioners yields an average improvement of roughly 10% of the objective function value
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