Applications of Operations Research and Management Science

Applications of Operations Research and Management Science
Author: G. S. R. Murthy
Publisher: Springer
Total Pages: 284
Release: 2015-06-15
Genre: Business & Economics
ISBN: 3319179217

This book includes case studies that examine the application of operations research to improve or increase efficiency in industry and operational activities. This collection of “living case studies” is all based on the author’s 30-year career of consulting and advisory work. These true-to life industrial applications illustrate the research and development of solutions, as well as potential implementation and integration problems that may occur when adopting these methods into a business. Among the topics covered in the chapters include optimization in circuit board manufacturing, Decision Support System (DSS) for plant loading and dispatch planning, as well as development of important test procedures for tyre and pharma industry with shelf life constraints. In particular, the study on deckle optimization should be of great help to managers in paper industry and consultants for development of deckle optimization software. The application of operations research throughout the industry makes it an ideal guide for industrial executives, professionals and practitioners responsible for quality and productivity improvement.

Managerial Economics and Operations Research

Managerial Economics and Operations Research
Author: Edwin Mansfield
Publisher: W. W. Norton
Total Pages: 632
Release: 1975
Genre: Managerial economics
ISBN:

USA. Compilation of essays on economic analysis as a management technique, with particular reference to the role of operational research in the decision making process - covers cost benefit analysis, production functions, the measurement of profits, prices, demand, budgeting, investments, forecasting techniques, linear programming, game theories and simulation methodologys. Etc., and includes case studies of the public sector dealing with emergencies. Bibliography, graphs and references.

Graph Theory for Operations Research and Management: Applications in Industrial Engineering

Graph Theory for Operations Research and Management: Applications in Industrial Engineering
Author: Farahani, Reza Zanjirani
Publisher: IGI Global
Total Pages: 367
Release: 2012-12-31
Genre: Technology & Engineering
ISBN: 1466626925

While typically many approaches have been mainly mathematics focused, graph theory has become a tool used by scientists, researchers, and engineers in using modeling techniques to solve real-world problems. Graph Theory for Operations Research and Management: Applications in Industrial Engineering presents traditional and contemporary applications of graph theory in the areas of industrial engineering, management science, and applied operations research. This comprehensive collection of research introduces the useful basic concepts of graph theory in real world applications.

Operations Research Using Excel

Operations Research Using Excel
Author: Vikas Singla
Publisher: CRC Press
Total Pages: 336
Release: 2021-09-16
Genre: Technology & Engineering
ISBN: 1000453464

The field of operations research provides a scientific approach to managerial decision making. In a contemporary, hypercompetitive ever-changing business world, a manager needs quantitative and factual ways of solving problems related to optimal allocation of resources, profit/loss, maximization/minimization etc. In this endeavor, the subject of doing research on how to manage and make operations efficient is termed as Operations Research. The reference text provides conceptual and analytical knowledge for various operations research techniques. Readers, especially students of this subject, are skeptic in dealing with the subject because of its emphasis on mathematics. However, this book has tried to remove such doubts by focusing on the application part of OR techniques with minimal usage of mathematics. The attempt was to make students comfortable with some complicated topics of the subject. It covers important concepts including sensitivity analysis, duality theory, transportation solution method, Hungarian algorithm, program evaluation and review technique and periodic review system. Aimed at senior undergraduate and graduate students in the fields of mechanical engineering, civil engineering, industrial engineering and production engineering, this book: • Discusses extensive use of Microsoft Excel spreadsheets and formulas in solving operations research problems • Provides case studies and unsolved exercises at the end of each chapter • Covers industrial applications of various operations research techniques in a comprehensive manner • Discusses creating spreadsheets and using different Excel formulas in an easy-to-understand manner • Covers problem-solving procedures for techniques including linear programming, transportation model and game theory

Insurance and Risk Theory

Insurance and Risk Theory
Author: Marc Goovaerts
Publisher: Springer Science & Business Media
Total Pages: 477
Release: 2012-12-06
Genre: Business & Economics
ISBN: 9400946201

Canadian financial institutions have been in rapid change in the past five years. In response to these changes, the Department of Finance issued a discussion paper: The Regulation of Canadian Financial Institutions, in April 1985, and the government intends to introduce legislation in the fall. This paper studi.es the combinantion of financial institutions from the viewpoint of ruin probability. In risk theory developed to describe insurance companies [1,2,3,4,5J, the ruin probability of a company with initial reserve (capital) u is 6 1 -:;-7;;f3 u 1jJ(u) = H6 e H6 (1) Here,we assume that claims arrive as a Poisson process, and the claim amount is distributed as exponential distribution with expectation liS. 6 is the loading, i.e., premium charged is (1+6) times expected claims. Financial institutions are treated as "insurance companies": the difference between interest charged and interest paid is regarded as premiums, loan defaults are treated as claims.

Operations Research

Operations Research
Author: D S Hira
Publisher: S. Chand Publishing
Total Pages: 1510
Release: 1992
Genre: Technology & Engineering
ISBN: 8121902819

The author have used numerical examples as the means for presentation of the underlying ideas of different operations research techniques.Accordingly,a large number of comprehensive solved examples,taken from a variety of fields,have been added in every chapter and they are followed by a set of unsolved problems with answers(and hints wherever required)through which readers can test their understanding of the subject matter.The book,in its present form,contains around 650,examples,1,280 illustrative diagrams.

Operations Research

Operations Research
Author: Wayne L. Winston
Publisher: Duxbury Resource Center
Total Pages: 1050
Release: 1987
Genre: Business & Economics
ISBN:

Profiles in Operations Research

Profiles in Operations Research
Author: Arjang A. Assad
Publisher: Springer
Total Pages: 867
Release: 2011-06-30
Genre: Business & Economics
ISBN: 9781441962805

Profiles in Operations Research: Pioneers and Innovators recounts the development of the field of Operations Research (OR), the science of decision making. The book traces the development of OR from its military origins to a mature discipline that is recognized worldwide for its contributions to managerial planning and complex global operations. Over the past six decades, OR analyses have impacted our daily lives: when making an airline or hotel reservation, waiting in line at a bank, getting the correctly blended fuel at the gas station, and ensuring that the book you are holding arrived at its destination on time. OR originated in the late 1930s when British scientists from various disciplines joined Royal Air Force officers to determine the most effective way to employ new radar technology for intercepting enemy aircraft. During World War II, similar applied research groups were formed to study, test, and evaluate military operations on both sides of the Atlantic. Their work resulted in great improvements—OR helped the Allies win the war. The scientific field that emerged from these studies was called operational research in the U.K. and operations research in the U.S. Today, OR provides a broad and powerful science to aid decision making. Profiles describes the lives and contributions of 43 OR pioneers and innovators and relates how these individuals, with varying backgrounds and diverse interests, were drawn to the nascent field of OR. The profiles also describe how OR techniques and applications expanded considerably beyond the military context to find new domains in business and industry. In addition to their scientific contributions, these profiles capture the life stories of the individuals—interwoven with personal tales, vivid vignettes, family backgrounds, and views of the mission and future of OR. Collectively, the profiles recount the fascinating story of the growth and development of a field enriched by the convergence of different disciplines. The Editors: Arjang A. Assad is Dean of the School of Management, University at Buffalo, State University of New York. Saul I. Gass is Professor Emeritus, Department of Decision, Operations & Information Technologies, Smith School of Business, University of Maryland, College Park. From the Reviews Profiles In Operations Research: Pioneers and Innovators. Book Review by Nigel Cummings: U.K. OR Society's e-journal, Inside OR., Sept 2011. "I can thoroughly recommend this book. I found it both enlighteningand undeniably gripping, so much so in fact, you may find it difficultto put it down once you have commenced reading it. Arjang A. Assad and Saul I. Gass have created a masterwork whichwill serve to immortalise [stet] the pioneers of O.R. for many years to come." *For a list of all known typos, plus further discussion on the book, please visit http://profilesinoperationsresearch.com.