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Books > Business & Economics > Business & management > Management & management techniques > Operational research
This book provides several inventory models for making the right decision in inventory management under different environments. Basically, the optimal ordering policies are determined for situations with and without shortages in production-inventory systems. The chapters in the book include various features of inventory modeling i.e., inflation, deterioration, supply chain, learning, credit financing, carbon emission policy, stock-dependent demand, among others. The book is a useful resource for academicians, researchers, students, practitioners, and managers who can be benefited with the policies provided in the chapters of the book.
This textbook on Linear and Nonlinear Optimization is intended for graduate and advanced undergraduate students in operations research and related fields. It is both literate and mathematically strong, yet requires no prior course in optimization. As suggested by its title, the book is divided into two parts covering in their individual chapters LP Models and Applications; Linear Equations and Inequalities; The Simplex Algorithm; Simplex Algorithm Continued; Duality and the Dual Simplex Algorithm; Postoptimality Analyses; Computational Considerations; Nonlinear (NLP) Models and Applications; Unconstrained Optimization; Descent Methods; Optimality Conditions; Problems with Linear Constraints; Problems with Nonlinear Constraints; Interior-Point Methods; and an Appendix covering Mathematical Concepts. Each chapter ends with a set of exercises. The book is based on lecture notes the authors have used in numerous optimization courses the authors have taught at Stanford University. It emphasizes modeling and numerical algorithms for optimization with continuous (not integer) variables. The discussion presents the underlying theory without always focusing on formal mathematical proofs (which can be found in cited references). Another feature of this book is its inclusion of cultural and historical matters, most often appearing among the footnotes. "This book is a real gem. The authors do a masterful job of rigorously presenting all of the relevant theory clearly and concisely while managing to avoid unnecessary tedious mathematical details. This is an ideal book for teaching a one or two semester masters-level course in optimization - it broadly covers linear and nonlinear programming effectively balancing modeling, algorithmic theory, computation, implementation, illuminating historical facts, and numerous interesting examples and exercises. Due to the clarity of the exposition, this book also serves as a valuable reference for self-study." Professor Ilan Adler, IEOR Department, UC Berkeley "A carefully crafted introduction to the main elements and applications of mathematical optimization. This volume presents the essential concepts of linear and nonlinear programming in an accessible format filled with anecdotes, examples, and exercises that bring the topic to life. The authors plumb their decades of experience in optimization to provide an enriching layer of historical context. Suitable for advanced undergraduates and masters students in management science, operations research, and related fields."Michael P. Friedlander, IBM Professor of Computer Science, Professor of Mathematics, University of British Columbia
This new edition continues to emphasize the use of data envelopment analysis (DEA) to create optimization-based benchmarks within hospitals, physician group practices, health maintenance organizations, nursing homes and other health care delivery organizations. Suitable for graduate students learning DEA applications in health care as well as for practicing administrators, it is divided into two sections covering methods and applications. Section I considers efficiency evaluations using DEA; returns to scale; weight restricted (multiplier) models; non-oriented or slack-based models, including in this edition two versions of non-controllable variable models and categorical variable models; longitudinal (panel) evaluations and the effectiveness dimension of performance evaluation. A new chapter then looks at new and advanced models of DEA, including super-efficiency, congestion DEA, network DEA, and dynamic network models. Mathematical formulations of various DEA models are placed in end-of-chapter appendices. Section II then looks at health care applications within particular settings, chapter-by-chapter, including hospitals, physician practices, nursing homes and health maintenance organizations (HMOs). Other chapters then explore home health care and home health agencies; dialysis centers, community mental health centers, community-based your services, organ procurement organizations, aging agencies and dental providers; DEA models to evaluate provider performance for specific treatments, including stroke, mechanical ventilation and perioperative services. A new chapter then examines international-country-based applications of DEA in health care in 16 different countries, along with OECD and multi-country studies. Most of the existing chapters in this section were expanded with recent applications. Included with the book is online access to a learning version of DEA Solver software, written by Professor Kaoru Tone, which can solve up to 50 DMUs for various DEA models listed in the User's Guide at the end of the book.
1. The text explores highly complex topics with simple, non mathematical approach for managers rather than economists. 2. The editions have always been well-received in US market and the newest edition has been updated with behavioural economics, case studies on Amazon, Spotify, Uber, TikTok, England National Health Service and other topical businesses. 3. Includes case studies, discussion questions and examples to illustrate the principles. 4. The book will be updated with bigger font and come in color.
Offers fundamental theories and practical and more sophisticated applications of Evolutionary Computation in varied industries Provides insight into various platforms, paradigms, techniques, and tools used in Evolutionary Computation for diverse fields Presents an understanding related to optimization, performance tuning, virtualization, deployment models, and their applications Covers a variety of applications for social and essential models and is based on real life examples Useful for decision making based on optimized data through Evolutionary Computation in multi-dimensions
Set-valued optimization is a vibrant and expanding branch of mathematics that deals with optimization problems where the objective map and/or the constraints maps are set-valued maps acting between certain spaces. Since set-valued maps subsumes single valued maps, set-valued optimization provides an important extension and unification of the scalar as well as the vector optimization problems. Therefore this relatively new discipline has justifiably attracted a great deal of attention in recent years. This book presents, in a unified framework, basic properties on ordering relations, solution concepts for set-valued optimization problems, a detailed description of convex set-valued maps, most recent developments in separation theorems, scalarization techniques, variational principles, tangent cones of first and higher order, sub-differential of set-valued maps, generalized derivatives of set-valued maps, sensitivity analysis, optimality conditions, duality and applications in economics among other things.
Disjunctive Programming is a technique and a discipline initiated by the author in the early 1970's, which has become a central tool for solving nonconvex optimization problems like pure or mixed integer programs, through convexification (cutting plane) procedures combined with enumeration. It has played a major role in the revolution in the state of the art of Integer Programming that took place roughly during the period 1990-2010. The main benefit that the reader may acquire from reading this book is a deeper understanding of the theoretical underpinnings and of the applications potential of disjunctive programming, which range from more efficient problem formulation to enhanced modeling capability and improved solution methods for integer and combinatorial optimization. Egon Balas is University Professor and Lord Professor of Operations Research at Carnegie Mellon University's Tepper School of Business.
Imparting experiences from the theater world to show how to manage operations in the 21st century, this book provides the key ideas necessary to implement a new operational culture that will lead to excellence in service. This is a must read for executives who wish their operations to be effective and to find satisfaction in shared success.
Digitalisation and Organisation Design aims to address key topics related to organisation design and knowledge management in the digital economy with organisational context, particularly in Asia. Asian nations are moving fast toward the digital economy. Doing business in the digital economy is different from the old way, and the role of organisation design and knowledge management is crucial to support innovative and creative ideas for tapping the huge market opportunities in which people are ready for digitalisation. Chapters in the book cover important topics related to organisation design and knowledge management for organisations, especially business organisations in Asia, to prepare and cultivate necessary means for advancing in the digital economy. This book offers readers a unique value, bringing new perspectives to understanding emerging business opportunities and challenges in Asia. It will present a valuable collection of chapters with empirical studies from leading researchers on the related topic within the main theme (Asian economies, digitalisation, knowledge management, organisational design). The collection of chapters will be conceptually and practically beneficial for academics, students and policy makers interested in the latest developments in organisation design and knowledge management in the digital economy in Asia. This book can be used as a main or supplementary resource for undergraduate and postgraduate students in business and related areas.
This book addresses key topics related to organization design and knowledge management in the digital economy with organizational context, particularly in Asia. Asian nations are moving fast toward the digital economy, within which the role of organization design and knowledge management is crucial to support innovative and creative ideas for meeting huge market opportunities where customers are ready for digitalization. The book conceptualizes organization design into three dimensions, people, information, and technology, and offers readers a unique valued insight, bringing new perspectives to understanding emerging business opportunities and challenges in Asia. It presents a valuable collection of 14 chapters with empirical studies from leading researchers. The book addresses digital transformation in companies and organizations in Asia, analysing how disruptive technologies can help them have more efficient organization processes, create innovative products and services, be more resilient and achieve sustainable goals in the post-pandemic time. It fills a gap in the market offering a valuable collection of chapters that combines strategic topics for companies, organizations and nations today, such as digital economy, disruptive technologies, big data and knowledge management, with a specific focus on the Asian region, providing rich examples and studies focused in countries and regions within Asia. Written for scholars, researchers and other specialists in digitalization, this book offers a unique collection of insights into the current and future situation in Asia.
This book advances systems thinking by introducing a new philosophy of systemic knowing. It argues that there are inescapable limits to rational understanding. Humankind has always depended on extended ways of knowing to complement the rational-analytic approach. The book establishes that the application of such methods is fundamental to systemic practice. The author advocates embracing two modes of consciousness: intentionality, which Western philosophy has long recognized, and non-intentional awareness, which Eastern philosophy additionally highlights. The simultaneity of these two modes of consciousness, and the variety of knowings they spawn are harnessed for a more holistic, systemic knowing. Four practices from fields related to systems thinking are examined: two contemporary action research methodologies from the US and the UK; the Sumedhian (Indian) approach to inquiry about processes within groups; and a technique of group psychotherapy originating in Eastern Europe. Each of these systematically harnesses knowing using both modes of consciousness. Therefore, the author insists, such approaches must be included in systemic practice, in purposeful and methodical juxtaposition to rational-analytic ways. The book provides examples and guidelines for deployment. "All researchers and practitioners of systems thinking and action research must read this book...Raghav has craftfully blended Eastern and Western wisdom. He uses his immersion into Eastern ways of knowing practically, to elaborate the systems philosophy in rich detail. He has incorporated, from cooperative inquiry as action research, the idea of four ways of knowing: practical, propositional, presentational and experiential, to bolster the foundations of systems thinking" SHANKAR SANKARAN, Professor, University of Technology Sydney, Australia; President International Society of Systems Sciences (ISSS) 2019-2020 "This is a book with the potential to stimulate the emergence of a new paradigm. Raghav shows that systems thinking can transcend rational analysis and incorporate other ways of knowing, such as arts-based methods... also, rather than be overly preoccupied with striving for change, there is value in simply abiding, which comes with a deep appreciation of the ecological relationships we are part of. It's not that rational analysis is wrong - it's that it is only part of a genuinely transformative practice". GERALD MIDGLEY, Co-Director, Centre for Systems Studies, University of Hull; former President, ISSS (2013-14) "Raghav Rajagopalan's writing on generating deep appreciation for the social and ecological interdependencies ties in closely with my own work. The philosophical ideas he develops contain the tracings and essential tones of Gregory Bateson's idea of "Mind" as a process of living complexities reaching well beyond the notion of the body. This book demonstrates outstanding erudition and deep compassion at the same time. It should delight the adventurous reader unafraid of big questions". NORA BATESON, President of the International Bateson Institute
Consumer co-operatives provide a different approach to organizing business through their ideals of member ownership and democratic practice. Every co-operative member has an equal vote regardless of his or her own personal capital investment. The co-operative movement can also be an important force in promoting development and self-sufficiency in poorer areas, particularly in non-industrialised countries. This book explores in depth the fortunes of the Berkeley Consumer Co-operative, which became the largest consumer co-operative in the United States with 116,000 members in 1984 and viewed nationally as a leader in innovative retail practices and a champion of consumer rights. The Berkeley Consumer Co-operative is promoted by both supporters and opponents of the co-operative business model as a significant example of what can go wrong with the co-operatives. This book will provide the first in depth analysis of the history of the Berkeley Co-operative using its substantial but little used archives and oral histories to explore what the Berkeley experience means for the co-operative business model. The specific chapters relating to Berkeley will be organised around particular themes to highlight the issues relating to the co-operative business model and the local context of Berkeley. The themes relate to developments in Berkeley and the Bay Area in terms of the economy, politics and the retail environment; the management of the Berkeley co-operative, looking at governance, financial management and strategic decisions; relationship of management with members and employees; and finally, the relationship of the Berkeley Co-operative with the community. The core message of the book is that it is not inevitable that consumer co-operatives fail, but that the story of Berkeley story can provide insights that can strengthen the co-operative business model and minimise failures on the scale of Berkeley occurring in the future.
This book provides an in-depth presentation of algorithms for and complexity of open shop scheduling. Open shops allow operations of a job to be executed in any order, contrary to flow and job shops where the order is pre-specified. The author brings the field up to date with more emphasis on new and recent results, and connections with graph edge coloring and mathematical programming. The book explores applications to production and operations management, wireless network scheduling, and timetabling. The book is addressed to researchers, graduate students, and practitioners in Operations Research, Operations Management, computer science and mathematics, who are developing and using mathematical approaches to applications in manufacturing, services and distributed wireless network scheduling.
The intensity of global competition and ever-increasing economic uncertainties has led organizations to search for more efficient and effective ways to manage their business operations. Data envelopment analysis (DEA) has been widely used as a conceptually simple yet powerful tool for evaluating organizational productivity and performance. Fuzzy DEA (FDEA) is a promising extension of the conventional DEA proposed for dealing with imprecise and ambiguous data in performance measurement problems. This book is the first volume in the literature to present the state-of-the-art developments and applications of FDEA. It is designed for students, educators, researchers, consultants and practicing managers in business, industry, and government with a basic understanding of the DEA and fuzzy logic concepts.
The systems sciences provide a platform of concepts and language that enables communities of interest to transcend disciplinary boundaries toward developing new knowledge and perspectives. The current book series is intended to help to cultivate a new perspective for social systems sciences: The translational systems sciences that we propose in this series is a new trend within systems sciences motivated by the need for practical applications that help people. The present volume, Service Systems Science, focuses in particular on the value cooperatively created and shared in human activities to realize a resilient and sustainable society in a systems science perspective. Service systems meet basic needs such as food and water, develop social potential through education and health care and advance our societies through businesses, governments and social enterprises working in a globalized, networked world.Service Systems Science International Workshops and Symposia have been held in Tokyo since 2008, inviting prominent, distinguished researchers and practitioners in both systems science and service science fields from Japan and overseas. Every year the workshop spends two full days in closed sessions intensively and extensively arguing hot topics in service science and practices in systems perspective, followed by the symposium where the outcomes of the arguments at the workshop as well as the latest issues in service science are presented in open meetings.This volume thoroughly updates some of the most important ideas, concepts and methodologies that have been presented and discussed and systematizes them in the unified framework of service systems science. In addition, we have invited original contributions by dynamic researchers to the volume. As a result, this work comprehensively covers state-of-the-art concepts and methodologies in service systems science by leading researchers and practitioners from the United States, Europe and Asia."
In the aftermath of the financial crisis, and regular corporate scandals, there has been a growing concern with the moral and ethical foundations of business. Often these concerns are limited to narrow accounts of governance codes, regulatory procedures or behaviour incentives, which are often characterized by neoliberal bias underpinned by western masculine logics. This book challenges these limited accounts of ethics and responsibility. It looks at the writing of Gayatri C. Spivak who takes globally networked markets, people and ideas and provides tools to rethink subjectivity, ethics and corporate governance. Eschewing strict hierarchical notions of authority and identity, Spivak's work invites us to consider who speaks for whom and for what in organizational contexts. Relationality is also to be found in the radical politics and feminist ethics of Judith Butler who continues to draw on and develop her account of performativity to interpret contemporary organizations, management and work. While popular accounts of corporate ethics often concern themselves with the aims and actions of those at the top of organizations, Lauren Berlant focuses on the struggles of those at the bottom of the new social structures created by contemporary forms of capital. Finally, the book also considers ecological challenges through the work of Val Plumwood, who spent a lifetime considering the threats and responsibilities we face in environmental terms, and developed a feminist ecological philosophy for understanding social and species differences. This book will be relevant to students and researchers across business and management, organizational studies, critical management studies, gender studies and sociology.
1. A "tool kit" of recommended methods for the accountable manager in aviation to meet their responsibilities - moral, regulatory, legal and fiducial - in an efficient and effective manner. 2. Every company operating within the aviation industry must have a corporate leader, the accountable manager, who has the ultimate responsibility for compliance with the civil aviation regulations and the aviation law of the country that they are licensed in. Failure to comply with the regulations can result in catastrophic consequences for the company. 3. The first book to disseminate, understand and review the professional responsibilities of the accountable manager, but also to provide a best practice guide for accountable managers in civil aviation.
We live in times of increasing world uncertainty. Consumer culture in Asia has embodied such precariousness, with their unprecedented states of both prosperity and vulnerability. Works in this volume examine the consumer cultures that exist in today's precarious Asia. They do this through culturally oriented, critical consumer research. How deeply has the consumer precariousness in Asia been intertwined with the sociohistorical patterning of consumption including class, gender, and other social categories? How do these problematics affect consumers' identity projects, consumer rituals, and marketplace cultures? How is consumer precariousness aggravated by the governmentality of the superpower? How does the changing landscape of inter-Asian and global popular culture impact consumer culture in these nations? Together, the authors in this volume attempt to answer these questions through consumer research within the paradigm known as consumer culture theory (CCT). Since most CCT inquiry has been in Western contexts, this volume augments the existing knowledge. It presents the most current, critical, historical, and material consumer studies focused on Asia. This volume will be of interest to seasoned CCT researchers and academics, for anyone new to CCT, and for postgraduate students interested in CCT or writing a consumer culture-related thesis.
Statistical Decision Problems presents a quick and concise introduction into the theory of risk, deviation and error measures that play a key role in statistical decision problems. It introduces state-of-the-art practical decision making through twenty-one case studies from real-life applications. The case studies cover a broad area of topics and the authors include links with source code and data, a very helpful tool for the reader. In its core, the text demonstrates how to use different factors to formulate statistical decision problems arising in various risk management applications, such as optimal hedging, portfolio optimization, cash flow matching, classification, and more. The presentation is organized into three parts: selected concepts of statistical decision theory, statistical decision problems, and case studies with portfolio safeguard. The text is primarily aimed at practitioners in the areas of risk management, decision making, and statistics. However, the inclusion of a fair bit of mathematical rigor renders this monograph an excellent introduction to the theory of general error, deviation, and risk measures for graduate students. It can be used as supplementary reading for graduate courses including statistical analysis, data mining, stochastic programming, financial engineering, to name a few. The high level of detail may serve useful to applied mathematicians, engineers, and statisticians interested in modeling and managing risk in various applications.
Published to coincide with the 40th anniversary of "In Search of Excellence". First intellectual biography of the world's foremost management guru Based on original research, the book distils lessons for business leaders
Published to coincide with the 40th anniversary of "In Search of Excellence". First intellectual biography of the world's foremost management guru Based on original research, the book distils lessons for business leaders
Triggered largely by claims that small businesses were the main source of new jobs, an 'explosion' of interest in enterprise, entrepreneurs and small business has led to the establishment of a conventional wisdom about enterprise. Mistaken theories can become influential and examining the conventional enterprise wisdom indicates that much of it is questionable. If that is the case, a reassessment is needed. While wilful blindness and continuing to do more of the same is a natural response, it will not lead to improvements in knowledge. A new paradigm requires a step change in thinking, which is not easy to initiate. Nevertheless, accepting the evidence for the errors in current understanding and practice is a necessary first step if enterprise and its benefits are to be better understood and promoted. This book examines the conventional wisdom around enterprise, entrepreneurs and small businesses and illustrates not only why and how this could have evolved, but also why it could be based on a set of mistaken assumptions. Correcting the foundational knowledge on which enterprise and policy and practice rely and finding a new paradigm will result in better teaching and more effective policy. It will therefore be of interest to researchers, academics, students and policy makers in the fields of enterprise and entrepreneurship.
This book presents various methods for sustainability assessment of energy systems, under various different conditions and scenarios. It answers the questions of how to measure the sustainability of energy systems by adopting appropriate metrics and methods. This book provides readers with a comprehensive view of the frontiers of sustainability assessment methods for energy system analysis. It presents various methodologies, allowing readers to understand: the complete metrics for sustainability assessment; life cycle thinking for sustainability assessment of energy systems; and the advanced sustainability assessment methods for energy systems. This book is of interest to researchers, engineers, decision makers, and postgraduate students within the field of energy systems, sustainability, and decision analysis.
Buying decision making is a complicated process, in which a consumer's decision is under the influence of others. The buyer's decision making is directed in such a way that they must act as a consumer in society. Media and family are key socializing agents for adolescents. Moreover, changes in the socio-cultural environment in India necessitate that adolescents' influence in family's buying decision making should be investigated. In comparison to Western society, Indian society is quite different when compared in terms of family composition and structure, behavior, values and norms which impact adolescents' buying decision making. Adolescents, Family and Consumer Behaviour studies the role of consumer socialization agents for adolescents, examining socio-economic factors that influence adolescents' buying decision making in Indian urban families. It aims to discover the influence tactics that adolescents employ and to qualitatively analyse how marketers in turn influence adolescents. It addresses the topics with regard to strategic management and marketing and will be of interest to researchers, academics, practitioners, and students in the fields of management, entrepreneurship, small business management, and human resource management.
This third volume in the Routledge Focus on Women Writers in Organization Studies series challenges us to think again about the implications of gender, embodiment and fluidity for organizing and managing. The themes of this book disrupt our understanding of dualisms between sex (men and women), gender (masculinity and femininity) and mind / body, and in so doing analyze the ways in which dominant power relations constitute heteronormativity throughout organizational history, thereby reinforcing mainstream management research and teaching. By centring the work of women writers, this book gives recognition to their thinking and praxis; each writer making political inroads into changing the lived experiences of those who have suffered discrimination, exclusion and marginalization as they consider the ways in which organizational knowledge has tended to privilege rather than problematize masculinity, fixity, control, normativity, violence and discrimination. The themes and authors (Acker, de Beauvoir, Halberstam, Kosofsky Sedgwick, Kristeva, Yourcenar) covered in this book are important precisely because they are not generally encountered in mainstream writing on management and organization studies. They are significant to the study and analysis of organizations because they demonstrate how our understanding of managing and organizing can be transformed when other voices/bodies/genders write on what it is work, live, lead and relate to self and others. All the writers turn to the ways in which individuals matter organizationally, acknowledging that lived experiences are a source of political and ethical practice. Each Woman Writer is introduced and analyzed by experts in organization studies. Further reading and accessible resources are also identified for those interested in knowing more. This book will be relevant to students, researchers and practitioners with an interest in business and management, organizational studies, critical management studies, gender studies and sociology. Like all the books in this series, it will also be of interest to anyone who wants to see, think and act differently. |
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