64,644 research outputs found

    AI and OR in management of operations: history and trends

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    The last decade has seen a considerable growth in the use of Artificial Intelligence (AI) for operations management with the aim of finding solutions to problems that are increasing in complexity and scale. This paper begins by setting the context for the survey through a historical perspective of OR and AI. An extensive survey of applications of AI techniques for operations management, covering a total of over 1200 papers published from 1995 to 2004 is then presented. The survey utilizes Elsevier's ScienceDirect database as a source. Hence, the survey may not cover all the relevant journals but includes a sufficiently wide range of publications to make it representative of the research in the field. The papers are categorized into four areas of operations management: (a) design, (b) scheduling, (c) process planning and control and (d) quality, maintenance and fault diagnosis. Each of the four areas is categorized in terms of the AI techniques used: genetic algorithms, case-based reasoning, knowledge-based systems, fuzzy logic and hybrid techniques. The trends over the last decade are identified, discussed with respect to expected trends and directions for future work suggested

    A methodology for the selection of new technologies in the aviation industry

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    The purpose of this report is to present a technology selection methodology to quantify both tangible and intangible benefits of certain technology alternatives within a fuzzy environment. Specifically, it describes an application of the theory of fuzzy sets to hierarchical structural analysis and economic evaluations for utilisation in the industry. The report proposes a complete methodology to accurately select new technologies. A computer based prototype model has been developed to handle the more complex fuzzy calculations. Decision-makers are only required to express their opinions on comparative importance of various factors in linguistic terms rather than exact numerical values. These linguistic variable scales, such as ‘very high’, ‘high’, ‘medium’, ‘low’ and ‘very low’, are then converted into fuzzy numbers, since it becomes more meaningful to quantify a subjective measurement into a range rather than in an exact value. By aggregating the hierarchy, the preferential weight of each alternative technology is found, which is called fuzzy appropriate index. The fuzzy appropriate indices of different technologies are then ranked and preferential ranking orders of technologies are found. From the economic evaluation perspective, a fuzzy cash flow analysis is employed. This deals quantitatively with imprecision or uncertainties, as the cash flows are modelled as triangular fuzzy numbers which represent ‘the most likely possible value’, ‘the most pessimistic value’ and ‘the most optimistic value’. By using this methodology, the ambiguities involved in the assessment data can be effectively represented and processed to assure a more convincing and effective decision- making process when selecting new technologies in which to invest. The prototype model was validated with a case study within the aviation industry that ensured it was properly configured to meet the

    Overview and classification of coordination contracts within forward and reverse supply chains

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    Among coordination mechanisms, contracts are valuable tools used in both theory and practice to coordinate various supply chains. The focus of this paper is to present an overview of contracts and a classification of coordination contracts and contracting literature in the form of classification schemes. The two criteria used for contract classification, as resulted from contracting literature, are transfer payment contractual incentives and inventory risk sharing. The overview classification of the existing literature has as criteria the level of detail used in designing the coordination models with applicability on the forward and reverse supply chains.Coordination contracts; forward supply chain; reverse supply chain

    Life-cycle assessment of buildings: a Review

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    Life-Cycle Assessment (LCA) is one of various management tools for evaluating environmental concerns. This paper reviews LCA from a buildings perspective. It highlights the need for its use within the building sector, and the importance of LCA as a decision making support tool. It discusses LCA methodologies and applications within the building sector, reviewing some of the life-cycle studies applied to buildings or building materials and component combinations within the last fifteen years in Europe and the United States. It highlights the problems of a lack of an internationally comparable and agreed data inventory and assessment methodology which hinder the application of LCA within the building industry. It identifies key areas for future research as (i) the whole process of construction, (ii) the relative weighting of different environmental impacts and (iii) applications in developing countries

    The Risk Aversion of Banks in Emerging Credit markets: Evidence from India

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    Using bank-level data from India, for nine years (1995-96 to 2003-04), we examine banks’ behavior in the context of emerging credit markets. Our results indicate that the credit market behavior of banks in emerging markets is determined by past trends, the diversity of the potential pool of borrowers to whom a bank can lend, and regulations regarding treatment of NPA and lending restrictions imposed by the Reserve Bank of India. Finally, we find evidence that suggest that credit disbursal by banks can be facilitated by regulatory and institutional changes that help banks mitigate the problems associated with enforcement of debt covenants and treatment of NPA on the balance sheets. On the basis of these results, we speculate on some possible policy recommendations.http://deepblue.lib.umich.edu/bitstream/2027.42/40160/3/wp774.pd

    Production planning systems for cellular manufacturing

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    New product development is one of the most powerful but difficult activities in business. It is also a very important factor affecting final product quality. There are many techniques available for new product development. Experimental design is now regarded as one of the most significant techniques. In this article, we will discuss how to use the technique of experimental design in developing a new product - an extrusion press. In order to provide a better understanding of this specific process, a brief description of the extrusion press is presented. To ensure the successful development of the extrusion press, customer requirements and expectations were obtained by detailed market research. The critical and non-critical factors affecting the performance of the extrusion press were identified in preliminary experiments. Through conducting single factorial experiments, the critical factorial levels were determined. The relationships between the performance indexes of the extrusion press and the four critical factors were determined on the basis of multi-factorial experiments. The mathematical models for the performance of the extrusion press were established according to a central composite rotatable design. The best combination of the four critical factors and the optimum performance indexes were determined by optimum design. The results were verified by conducting a confirmatory experiment. Finally, a number of conclusions became evident.

    Genetic algorithms for satellite scheduling problems

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    Recently there has been a growing interest in mission operations scheduling problem. The problem, in a variety of formulations, arises in management of satellite/space missions requiring efficient allocation of user requests to make possible the communication between operations teams and spacecraft systems. Not only large space agencies, such as ESA (European Space Agency) and NASA, but also smaller research institutions and universities can establish nowadays their satellite mission, and thus need intelligent systems to automate the allocation of ground station services to space missions. In this paper, we present some relevant formulations of the satellite scheduling viewed as a family of problems and identify various forms of optimization objectives. The main complexities, due highly constrained nature, windows accessibility and visibility, multi-objectives and conflicting objectives are examined. Then, we discuss the resolution of the problem through different heuristic methods. In particular, we focus on the version of ground station scheduling, for which we present computational results obtained with Genetic Algorithms using the STK simulation toolkit.Peer ReviewedPostprint (published version

    Economy of Bangladesh: Identifying Pragmatic Policy Responses

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    Proceedings of a Seminar held in Dhaka, Bangladesh 18-19 October 201
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