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Operations Research Applications

Operations Research Applications
Author: A. Ravi Ravindran
Publisher: CRC Press
Total Pages: 420
Release: 2008-11-12
Genre: Business & Economics
ISBN: 1420091875

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As operations research (OR) applications continue to grow and flourish in a number of decision making fields, a reference that is comprehensive, concise, and easy to read is more than a nicety, it is a necessity. This book provides a single volume overview of OR applications in practice, making it the first resource a practitioner would reach for w


Operations Research

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

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Operations Research and Its Applications

Operations Research and Its Applications
Author: Dr. Pavan Kumar Subbara
Publisher: Shineeks Publishers
Total Pages: 228
Release: 2021-10-14
Genre: Education
ISBN: 1632789906

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The present text book entitled “Operations Research & its applications“ is very much useful for a beginner in this domain . More particularly for a quality control manager, person using network analysis and queue models for decision making. It is an Art, Science & Technology to understand the business environment to take the necessary alternative course of action to enhance the company’s reputation.It is frequently being used to analyze complex real life problems, typically with the goal of improving the performance of the organization. It is a multidisciplinary science which deals with the problem, formulation and solution in order to take an apt decision. This text book is suitable for all graduate students across the globe. In any industrial firm, managers always use methods of operations research to maintain a better quality control in their production. This is possible as it provides a fundamental basis in which one has to maintain and establish the standards of the company’s performance and ways to measure its productivity. It also, time and again monitors the standards and reports deviations, if any and enables the authorities to take the corrective measures. The mathematically developed formulas used in this book are readable format also student friendly. The main idea of this book is to increase the productivity in a deterministic or probabilistic way as they apply by usingtools like defining suitable algorithm, machine utilization and manpower planning in incorporating innovative technologies. In a nutshell, it is a subsidiary framework for a student with an adequate mathematical foundation to understand operations research problems like Linear Programming, Assignment Problems, Network Models, Dynamic Programming, etc. Thus, it gives an insight to understand the industry requirements and suggests valid optimal solutions by using the latest available techniques.


Optimal Decision Making in Operations Research and Statistics

Optimal Decision Making in Operations Research and Statistics
Author: Irfan Ali
Publisher: CRC Press
Total Pages: 434
Release: 2021-11-29
Genre: Business & Economics
ISBN: 1000404722

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The book provides insights in the decision-making for implementing strategies in various spheres of real-world issues. It integrates optimal policies in various decision­making problems and serves as a reference for researchers and industrial practitioners. Furthermore, the book provides sound knowledge of modelling of real-world problems and solution procedure using the various optimisation and statistical techniques for making optimal decisions. The book is meant for teachers, students, researchers and industrialists who are working in the field of materials science, especially operations research and applied statistics.


Operations Research Applications in Health Care Management

Operations Research Applications in Health Care Management
Author: Cengiz Kahraman
Publisher: Springer
Total Pages: 596
Release: 2017-12-08
Genre: Medical
ISBN: 3319654551

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This book offers a comprehensive reference guide to operations research theory and applications in health care systems. It provides readers with all the necessary tools for solving health care problems. The respective chapters, written by prominent researchers, explain a wealth of both basic and advanced concepts of operations research for the management of operating rooms, intensive care units, supply chain, emergency medical service, human resources, lean health care, and procurement. To foster a better understanding, the chapters include relevant examples or case studies. Taken together, they form an excellent reference guide for researchers, lecturers and postgraduate students pursuing research on health care management problems. The book presents a dynamic snapshot on the field that is expected to stimulate new directions and stimulate new ideas and developments.


Operations Research

Operations Research
Author: Michael Carter
Publisher: CRC Press
Total Pages: 448
Release: 2018-08-06
Genre: Business & Economics
ISBN: 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.


Operations Research and Health Care

Operations Research and Health Care
Author: Margaret L. Brandeau
Publisher: Springer Science & Business Media
Total Pages: 870
Release: 2006-04-04
Genre: Medical
ISBN: 1402080662

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In both rich and poor nations, public resources for health care are inadequate to meet demand. Policy makers and health care providers must determine how to provide the most effective health care to citizens using the limited resources that are available. This chapter describes current and future challenges in the delivery of health care, and outlines the role that operations research (OR) models can play in helping to solve those problems. The chapter concludes with an overview of this book – its intended audience, the areas covered, and a description of the subsequent chapters. KEY WORDS Health care delivery, Health care planning HEALTH CARE DELIVERY: PROBLEMS AND CHALLENGES 3 1.1 WORLDWIDE HEALTH: THE PAST 50 YEARS Human health has improved significantly in the last 50 years. In 1950, global life expectancy was 46 years [1]. That figure rose to 61 years by 1980 and to 67 years by 1998 [2]. Much of these gains occurred in low- and middle-income countries, and were due in large part to improved nutrition and sanitation, medical innovations, and improvements in public health infrastructure.


Business Applications of Operations Research

Business Applications of Operations Research
Author: Bodhibrata Nag
Publisher: Business Expert Press
Total Pages: 128
Release: 2013-12-09
Genre: Business & Economics
ISBN: 1606495275

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Operations Research is a bouquet of mathematical techniques which have evolved over the last six decades, to improve the process of business decision making. Operations Research offers tools to optimize and find the best solutions to myriad decisions that managers have to take in their day to day operations or while carrying out strategic planning. Today, with the advent of operations research software, these tools can be applied by managers even without any knowledge of the mathematical techniques that underlie the solution procedures. The book starts with a brief introduction to various tools of operations research, such as linear programming, integer programming, multi-objective programming, queuing theory and network theory together with simple examples in each of the areas. Another introductory chapter on handling the operations research software, along with examples is also provided. The book intends to make the readers aware of the power and potential of operations research in addressing decision making in areas of operations, supply chain, financial and marketing management. The approach of this book is to demonstrate the solution to specific problems in these areas using operations research techniques and software. The reader is encouraged to use the accompanying software models to solve these problems, using detailed do-it-yourself instructions. The intended outcome for readers of this book will be gaining familiarity and an intuitive understanding of the various tools of operations research and their applications to various business situations. It is expected that this will give the reader the ability and confidence to devise models for their own business needs.


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

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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.


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

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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.