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Books > Business & Economics > Business & management > Management & management techniques > Operational research
This book reviews the field of Knowledge Management, taking a holistic approach that includes both "soft" and "hard" aspects. It provides a broad perspective on the field, rather than one based on a single viewpoints from Computer Science or Organizational Learning, offering a comprehensive and integrated conception of Knowledge Management. The chapters represent the best Knowledge Management articles published in the 21st century in Knowledge Management Research & Practice and the European Journal of Information Systems, with contributors including Ikujiro Nonaka, Frada Burstein, and David Schwartz. Most of the chapters contribute significantly to practise as well as theory. The OR Essentials series presents a unique cross-section of high quality research work fundamental to understanding contemporary issues and research across a range of Operational Research topics. It brings together some of the best research papers from the highly respected journals of the Operational Research Society, also published by Palgrave Macmillan.
Written by a leading expert in turnpike phenomenon, this book is devoted to the study of symmetric optimization, variational and optimal control problems in infinite dimensional spaces and turnpike properties of their approximate solutions. The book presents a systematic and comprehensive study of general classes of problems in optimization, calculus of variations, and optimal control with symmetric structures from the viewpoint of the turnpike phenomenon. The author establishes generic existence and well-posedness results for optimization problems and individual (not generic) turnpike results for variational and optimal control problems. Rich in impressive theoretical results, the author presents applications to crystallography and discrete dispersive dynamical systems which have prototypes in economic growth theory. This book will be useful for researchers interested in optimal control, calculus of variations turnpike theory and their applications, such as mathematicians, mathematical economists, and researchers in crystallography, to name just a few.
Remarkable features of revenue management (RM) problems in the cargo, manufacturing and broadcasting industries are so-called flexible products. "Flexibility" means that the actual mode of production is not defined at the time of purchase, but can be chosen later on by the service provider. This book is among the first to analyze RM problems with flexible products and RM in broadcasting companies. The implications of flexibility are explicitly taken into account in the models and methods presented. As an aside, the book contains descriptions of algorithms to generate stochastic demand data streams for general RM problems. An implementation as a Microsoft Windows executable file is available, which can directly be used both by theoreticians and practitioners in their own simulation studies. This book will be of great value for researchers, managers and students interested in RM with flexible products in general and broadcasting companies in particular.
This era of science and engineering has attracted researchers tasked with evaluating performance and optimization of problems in the field of operations research. The book covers mathematical analysis, methods and applications involving processes such as system performance, optimization, inventory theory, reliability theory, and queueing theory. Operations Research: Methods, Techniques, and Advancements explores recent and innovative methods and advancements associated with the mathematical theory of operations research. It offers a detailed overview of mathematical modelling for general industrial systems and emphasizes the latest ideas for the benefit of society and the research community. Intended for a broad range of readers, this book is useful to academicians, industrialists, researchers, students, academia and specialists from various disciplines and those working in the industry.
In Linear Programming: A Modern Integrated Analysis, both boundary (simplex) and interior point methods are derived from the complementary slackness theorem and, unlike most books, the duality theorem is derived from Farkas's Lemma, which is proved as a convex separation theorem. The tedium of the simplex method is thus avoided. A new and inductive proof of Kantorovich's Theorem is offered, related to the convergence of Newton's method. Of the boundary methods, the book presents the (revised) primal and the dual simplex methods. An extensive discussion is given of the primal, dual and primal-dual affine scaling methods. In addition, the proof of the convergence under degeneracy, a bounded variable variant, and a super-linearly convergent variant of the primal affine scaling method are covered in one chapter. Polynomial barrier or path-following homotopy methods, and the projective transformation method are also covered in the interior point chapter. Besides the popular sparse Cholesky factorization and the conjugate gradient method, new methods are presented in a separate chapter on implementation. These methods use LQ factorization and iterative techniques.
Let us endeavor to see things as they are, and then enquire whether we ought to complain. Whether to see life as it is, will give us much consolation, I know not; but the consolation which is drawn from truth if any there be, is solid and durable: that which may be derived from errour, must be, like its original, fallacious and fugitive. Samuel Johnson, Letter to Bennet Langton (1758) Attorneys and clients make hundreds of decisions in every litigation case. From initially deciding which attorney to retain to deciding which witnesses to call at trial, from deciding whether to ?le a complaint to deciding whether to appeal a verdict, attorneys and clients make multiple, critical decisions about strategies, costs, arguments, valuations, evidence and negotiations. Once made, these de- sions are scrutinized by an opponent intent on exploiting the consequences of any mistake. In this intense and adversarial arena, decision-making errors often are transparent, irreversible and dispositive, wielding the power to bankrupt clients and dissolve law ?rms. Although attorneys and clients may regard sound decision making as incidental to effective lawyering, sound decision making actually is the essence of effective lawyering. An attorney's knowledge, intelligence and experience are inert re- urces until the attorney decides how to deploy those skills to serve the client's interests. Those decisions, in turn, largely determine a case's course and outcome.
This book focuses on the tactical planning level for spare parts management. It describes a series of multi-item inventory models and presents exact and heuristic optimization methods, including greedy heuristics that work well for real, life-sized problems. The intended audience consists of graduate students, starting scholars in the field of spare parts inventory control, and spare parts planning specialists in the industry. In individual chapters the authors consider topics including: a basic single-location model; single-location models with multiple machine types and/or machine groups; the multi-location model with lateral transshipments; the classical METRIC model and its generalization to multi-indenture systems; and a single-location model with an explicit modeling of the repair capacity for failed parts and the priorities that one can set there. Various chapters of the book are used in a master course at Eindhoven University of Technology and in a PhD course of the Graduate Program Operations Management and Logistics (a Dutch network that organizes PhD courses in the field of OM&L). The required pre-knowledge consists of probability theory and basic knowledge of Markov processes and queuing theory. End-of-chapter problems appear for all chapters, with some answers appearing in an appendix.
Earned Value Management (EVM) is a project management technique for measuring project progress in terms of cost, schedule and scope, and has developed into a very effective way to uncover performance problems at an early and correctible stage in any given project. From its earliest days as a financial analysis tool in the US in the early 1960 s, it steadily grew in use through the US Department of Defense until it was made the standard measurement for all DoD, NASA, and Department of Energy projects, and was widely adopted by publicly-traded companies trying to comply with the 2002 Sarbanes-Oxley ruling calling for greater transparency and accountability. It has also long been used in software engineering projects. Winning the 2008 Research Award from IPMA for his research leading to this proposed book, author Mario Vanhoucke has surveyed the published literature to find and evaluate the effectiveness of the latest developments (and established practices) in EVM. After first explaining the fundamentals and terminology of the practice, he explores all the latest research trends and then tests them against a group of fictitious projects to gauge their effectiveness, offering general results applicable to a wide set of project types that researchers and practitioners can use to expand their work in EVM-managed projects. With a focus on the simple calculations behind EVM systems, Vanhoucke shows how they can often lead to misinterpretation and frustration and how to avoid common mistakes. Meant to complement rather than compete with the existing books on the subject, the proposed book deals with the project performance and control phases of the project life cycle to present a detailed investigation of the project s time performance measurement methods and risk analysis techniques in order to evaluate existing and newly developed methods in terms of their abilities to improve the corrective actions decision-making process during project tracking. As readers apply what is learned from the book, EVM practices will become even more effective in project management and cost engineering. Individual chapters look at simulation studies in forecast accuracy (under nine different scenarios); schedule adherence; time sensitivity; activity sensitivity; and using top-down or bottom-up project tracking. Vanhoucke also offers an actual real-life case study, a tutorial on the use of ProTrack software (newly developed based on his research) in EVM, and conclusions on the relative effectiveness for each technique presented. This will be an important read for anyone researching, using, or studying EVM and will certainly help to push the field forward in the coming years. "
This monograph introduces a novel multiset-based conceptual, mathematical and knowledge engineering paradigm, called multigrammatical framework (MGF), used for planning and scheduling in resource-consuming, resource-producing (industrial) and resource-distributing (economical) sociotechnological systems (STS). This framework is meant to enable smart operation not only in a "business-as-usual" mode, but also in extraordinary, highly volatile or hazardous environments. It is the result of convergence and deep integration into a unified, flexible and effectively implemented formalism operating on multisets of several well-known paradigms from classical operations research and modern knowledge engineering, such as: mathematical programming, game theory, optimal scheduling, logic programming and constraint programming. The mathematical background needed for MGF, its algorithmics, applications, implementation issues, as well as its nexus with known models from operations research and theoretical computer science areas are considered. The resilience and recovery issues of an STS are studied by applying the MGF toolkit and on paying special attention to the multigrammatical assessment of resilience of energy infrastructures. MGF-represented resource-based games are introduced, and directions for further development are discussed. The author presents multiple applications to business intelligence, critical infrastructure, ecology, economy and industry. This book is addressed to scholars working in the areas of theoretical and applied computer science, artificial intelligence, systems analysis, operations research, mathematical economy and critical infrastructure protection, to engineers developing software-intensive solutions for implementation of the knowledge-based digital economy and Industry 4.0, as well as to students, aspirants and university staff. Foundational knowledge of set theory, mathematical logic and routine operations on data bases is needed to read this book. The content of the monograph is gradually presented, from simple to complex, in a well-understandable step-by-step manner. Multiple examples and accompanying figures are included in order to support the explanation of the various notions, expressions and algorithms.
This volume results from the "Second International Conference on Dynamics of Disasters" held in Kalamata, Greece, June 29-July 2, 2015. The conference covered particular topics involved in natural and man-made disasters such as war, chemical spills, and wildfires. Papers in this volume examine the finer points of disasters through: Critical infrastructure protection Resiliency Humanitarian logistic Relief supply chains Cooperative game theory Dynamical systems Decision making under risk and uncertainty Spread of diseases Contagion Funding for disaster relief Tools for emergency preparedness Response, and risk mitigation Multi-disciplinary theories, tools, techniques and methodologies are linked with disasters from mitigation and preparedness to response and recovery. The interdisciplinary approach to problems in economics, optimization, government, management, business, humanities, engineering, medicine, mathematics, computer science, behavioral studies, emergency services, and environmental studies will engage readers from a wide variety of fields and backgrounds.
'A refreshing and useful addition to the folklore of management. All in all this is a worthwhile insight into the management views and structure of some of our leading construction companies.' - J.J. Farrow, Chartered Builder This volume describes and analyses the behaviour of large UK construction firms in the determination and implementation of their strategy. It covers, in addition to the selection of objectives and the methods for their achievement, policies on growth and diversification, finance, marketing and bidding, international operations, management and labour and subcontracting. Throughout the book the relationship is examined between the theory outlined in the companion volume and the actual behaviour of firms. The final chapter concludes with a discussion of the means to bridge the gaps which are found to exist between theory and practice.
This book summarizes a series of research work on integrated process planning and scheduling (IPPS) done by the authors, focusing on discussing the properties, novel solution methods and applications of process planning, scheduling and IPPS problems under different machining environments. It is a valuable reference resource for teachers, students and researchers working in the fields of engineering, management science and other related disciplines.
This textbook provides a comprehensive overview of noncooperative and cooperative dynamic games involving uncertain parameter values, with the stochastic process being described by an event tree. Primarily intended for graduate students of economics, management science and engineering, the book is self-contained, as it defines and illustrates all relevant concepts originally introduced in static games before extending them to a dynamic framework. It subsequently addresses the sustainability of cooperative contracts over time and introduces a range of mechanisms to help avoid such agreements breaking down before reaching maturity. To illustrate the concepts discussed, the book provides various examples of how dynamic games played over event trees can be applied to environmental economics, management science, and engineering.
This book describes the latest microeconomic concepts and operations research (OR) techniques needed to comprehend the design and operation of power markets, as well as the actions of their agents: producers, consumers, operators, and regulators. This is critical when it comes to addressing a constantly evolving power system environment that incorporates an increasing number of no-marginal-cost renewable sources, increasingly competitive storage facilities, increasingly responsive demands, and widespread communication channels that allow distributed decision-making. Such evolving environments call for a re-examination of the microeconomic concepts and OR techniques required by graduate students and practitioners in the electric energy field. This accessible, tutorial-style book features numerous illustrative examples to help readers grasp the economic concepts and OR procedures used by power market professionals. The authors explian these concepts and procedures and present a vision of a renewable-dominated marketplace. Each chapter also includes exercises.
This book offers a concise introduction and comprehensive overview of the state of the art in the field of decision-making and consensus modeling, with a special emphasis on fuzzy methods. It consists of a collection of authoritative contributions reporting on the decision-making process from different perspectives: from psychology to social and political sciences, from decision sciences to data mining, and from computational sciences in general, to artificial and computational intelligence and systems. Written as a homage to Mario Fedrizzi for his scholarly achievements, creative ideas and long lasting services to different scientific communities, it introduces key theoretical concepts, describes new models and methods, and discusses a range of promising real-world applications in the field of decision-making science. It is a timely reference guide and a source of inspiration for advanced students and researchers
Volume 29 of Research in Organizational Change and Development includes ten contributions from colleagues around the globe with powerful insights and potentially relevant impact for researching and practicing organization change and development during and post the pandemic. The emerging people analytics subfield and organization development perspectives are brought together to present an integrated framework that can guide future theoretical development and practice. Bourdieu's concept of social position in the form of "habitus oriented approach" expands our understanding of human behavior. Lewin's original view of political labs is advanced to examine the emerging phenomenon of labs as mechanisms for organization change and development. The alignment challenges of strategy and digital technology in government organizations is examined via the use of collaborative inquiry. The essence and context of collaboration in teams is investigated in the emerging new workplace. The current state of organizational DEI practice is examined and a new framework for diagnosing and addressing small-scale diversity-related challenges is introduced. Digital transformation suggests the need for a new STS platform with new guiding design principles. The establishment of a collaborative community generated insights into the challenges faced by healthcare organizations. Action research supported new cooperation and partnership between universities and external organizations. In the new "Reflection" feature, the author compares organization development (OD) and change management (CM) across eight concepts that are relevant to both OD and CM.
This book gathers selected peer-reviewed papers from the 16th World Congress on Engineering Asset Management (WCEAM), held in Seville from 5-7 October 2022. This book covers a wide range of topics in Engineering Asset Management, including: Asset management and decision support system Industry 4.0 tools and its impact on asset management Monitoring, diagnostics and prognostics for smart maintenance Asset life cycle management Asset management in the industrial sector Human dimensions and asset management performance Infrastructure Asset management Asset condition, risk, resilience, and vulnerability assessments Asset operations and maintenance strategies Reliability and resilience engineering Applications of international and local guidelines and standards The breadth and depth of this state-of-the-art, comprehensive proceedings make it an excellent resource for asset management practitioners, researchers and academics, as well as undergraduate and postgraduate students.
One of the most well-known of all network optimization problems is the shortest path problem, where a shortest connection between two locations in a road network is to be found. This problem is the basis of route planners in vehicles and on the Internet. Networks are very common structures; they consist primarily of a ?nite number of locations (points, nodes), together with a number of links (edges, arcs, connections) between the locations. Very often a certain number is attached to the links, expressing the distance or the cost between the end points of that connection. Networks occur in an extremely wide range of applications, among them are: road networks; cable networks; human relations networks; project scheduling networks; production networks; distribution networks; neural networks; networks of atoms in molecules. In all these cases there are "objects" and "relations" between the objects. A n- work optimization problem is actually nothing else than the problem of ?nding a subset of the objects and the relations, such that a certain optimization objective is satis?ed.
The focus of Supply Chain Engineering is the engineering design and planning of supply chain systems. There exists a very large variety of supply chain system types, all with different goals, constraints, and decisions, but a systematic approach for the design and planning of any supply chain can be based on the principles and methods of system engineering. In this book, author Marc Goetschalckx presents material developed at the Georgia Tech Supply Chain and Logistics Institute, the largest supply chain and logistics research and education program in the world. The book can be roughly divided into four sections. The first section focuses on data management. Since most of planning and design requires making decisions today so that supply chain functions can be executed efficiently in the future, this section introduces forecasting principles and techniques. The second section of the book focuses on transportation systems. First, the characteristics of transportation assets and infrastructure are shown. Then four chapters focus on the planning of transportation activities depending on who controls the transportation assets. The third section of the book is focused on storing goods, and the last section of the book is focused on supply chain systems that consider simultaneously procurement, production, and transportation and inventory as well as the design of the supply chain infrastructure or network design. In each chapter, first a model of the process being studied is developed followed by a description of practical solution algorithms. More advanced material is typically described in appendices. This makes it possible to use an integrated, breath-first treatment of supply chain systems by using the initial material in each chapter. A more in depth treatment of a specific topic or process can be found towards the end of each chapter. End-of-chapter exercises are included throughout. This text is suitable for several target audiences. The first target is a course for upper-level undergraduate students on supply chains. The second target is the use in a capstone senior design project in the supply chain area. The third target is an introductory course on supply chains either in a master of engineering or a master of business administration program, and the final audience consists of students attending logistics or supply chain post-graduate or continuing education courses.
The analysis and design of engineering and industrial systems has come to rely heavily on the use of optimization techniques. The theory developed over the last 40 years, coupled with an increasing number of powerful computational procedures, has made it possible to routinely solve problems arising in such diverse fields as aircraft design, material flow, curve fitting, capital expansion, and oil refining just to name a few. Mathematical programming plays a central role in each of these areas and can be considered the primary tool for systems optimization. Limits have been placed on the types of problems that can be solved, though, by the difficulty of handling functions that are not everywhere differentiable. To deal with real applications, it is often necessary to be able to optimize functions that while continuous are not differentiable in the classical sense. As the title of the book indicates, our chief concern is with (i) nondifferentiable mathematical programs, and (ii) two-level optimization problems. In the first half of the book, we study basic theory for general smooth and nonsmooth functions of many variables. After providing some background, we extend traditional (differentiable) nonlinear programming to the nondifferentiable case. The term used for the resultant problem is nondifferentiable mathematical programming. The major focus is on the derivation of optimality conditions for general nondifferentiable nonlinear programs. We introduce the concept of the generalized gradient and derive Kuhn-Tucker-type optimality conditions for the corresponding formulations.
In Risk Analysis of Complex and Uncertain Systems acknowledged risk authority Tony Cox shows all risk practitioners how Quantitative Risk Assessment (QRA) can be used to improve risk management decisions and policies. It develops and illustrates QRA methods for complex and uncertain biological, engineering, and social systems - systems that have behaviors that are just too complex to be modeled accurately in detail with high confidence - and shows how they can be applied to applications including assessing and managing risks from chemical carcinogens, antibiotic resistance, mad cow disease, terrorist attacks, and accidental or deliberate failures in telecommunications network infrastructure. This book was written for a broad range of practitioners, including decision risk analysts, operations researchers and management scientists, quantitative policy analysts, economists, health and safety risk assessors, engineers, and modelers.
Franz Ferschl is seventy. According to his birth certificate it is true, but it is unbelievable. Two of the three editors remembers very well the Golden Age of Operations Research at Bonn when Franz Ferschl worked together with Wilhelm Krelle, Martin Beckmann and Horst Albach. The importance of this fruitful cooperation is reflected by the fact that half of the contributors to this book were strongly influenced by Franz Ferschl and his colleagues at the University of Bonn. Clearly, Franz Ferschl left his traces at all the other places of his professional activities, in Vienna and Munich. This is demonstrated by the present volume as well. Born in 1929 in the Upper-Austrian Miihlviertel, his scientific education brought him to Vienna where he studied mathematics. In his early years he was attracted by Statistics and Operations Research. During his employment at the Osterreichische Bundeskammer fUr Gewerbliche Wirtschaft in Vienna he prepared his famous book on queueing theory and stochastic processes in economics. This work has been achieved during his scarce time left by his duties at the Bundeskammer, mostly between 6 a.m. and midnight. All those troubles were, however, soon rewarded by the chair of statistics at Bonn University. As a real Austrian, the amenities of the Rhineland could not prevent him from returning to Vienna, where he took the chair of statistics.
This textbook offers graduate students a concise introduction to the classic notions of convex optimization. Written in a highly accessible style and including numerous examples and illustrations, it presents everything readers need to know about convexity and convex optimization. The book introduces a systematic three-step method for doing everything, which can be summarized as "conify, work, deconify". It starts with the concept of convex sets, their primal description, constructions, topological properties and dual description, and then moves on to convex functions and the fundamental principles of convex optimization and their use in the complete analysis of convex optimization problems by means of a systematic four-step method. Lastly, it includes chapters on alternative formulations of optimality conditions and on illustrations of their use. "The author deals with the delicate subjects in a precise yet light-minded spirit... For experts in the field, this book not only offers a unifying view, but also opens a door to new discoveries in convexity and optimization...perfectly suited for classroom teaching." Shuzhong Zhang, Professor of Industrial and Systems Engineering, University of Minnesota
This volume is dedicated to Bill Helton on the occasion of his sixty fifth birthday. It contains biographical material, a list of Bill's publications, a detailed survey of Bill's contributions to operator theory, optimization and control and 19 technical articles. Most of the technical articles are expository and should serve as useful introductions to many of the areas which Bill's highly original contributions have helped to shape over the last forty odd years. These include interpolation, Szegoe limit theorems, Nehari problems, trace formulas, systems and control theory, convexity, matrix completion problems, linear matrix inequalities and optimization. The book should be useful to graduate students in mathematics and engineering, as well as to faculty and individuals seeking entry level introductions and references to the indicated topics. It can also serve as a supplementary text to numerous courses in pure and applied mathematics and engineering, as well as a source book for seminars.
Operations Research Management Science approaches have helped people for the last 40 years to understand the complex functioning of the systems based upon natural resources, as well as to manage natural resources in the most efficient manner. The areas usually viewed within the natural resources field are: agriculture, fisheries, forestry, and mining and water resources. All of these areas share the common problem of optimally allocating scarcity over a period of time. The scale of time or length of the planning horizon differs from one area to another. We have almost a continuous renewal in the case of the fisheries, periodic cycles in the case of agriculture and forestry and enormous periods of time much beyond the human perception in the case of mining resources. But in all the cases, the critical issue is to obtain an efficient use of the resource along its planned time horizon. Another element of connection among the different natural resources is due to the interaction between the use of the resource and the environmental impact caused by its extraction or harvest. This type of interaction implies additional complexities in the underlying decision-making process, making the use of OR/MS tools especially relevant. HANDBOOK OF OPERATIONS RESEARCH IN NATURAL RESOURCES will be the first systematic handbook treatment of quantitative modeling natural resource problems, their allocated efficient use, and societal and economic impact. AndrA(c)s Weintraub is the very top person in Natural Resource research. Moreover, he has an international reputation in OR and a former president of the International Federation of Operational Research Societies (IFORS). He has selectedco-editors who are at the top of the sub-fields in natural resources: agriculture, fisheries, forestry, and mining. The book will cover these areas in terms with contributions from researchers on modeling natural research problems, quantifying data, developing algorithms, and discussing the benefits of research implementations. The handbook will include tutorial contributions when necessary. Throughout the book, technological advances and algorithmic developments that have been driven by natural resource problems will be called out and discussed. |
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