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Stochastic optimization based decision support system for strategic planning in process industries
(2008)
Increased competitive pressure due to globalization has forced Indian companies to look for scientific methods of planning their operations, and efficient utilization of available resources.Recent surveys and literature ...
An expanded database structure for a class of multi-period, stochastic mathematical programming models for process industries
(Elsevier, 2014)
We introduce a multiple scenario, multiple period, optimization-based decision support system (DSS) for strategic planning in a process industry. The DSS is based on a two stage stochastic linear program (SLP) with recourse ...
An Optimization-Based Decision Support System for Strategic Planning in a Process Industry: The Case of an Aluminum Company in India
(Indian Institute of Management Ahmedabad, 2008)
We describe how a generic multi-period optimization-based decision support system (DSS) can be used for strategic planning in process industries. The DSS is built on five fundamental elements- materials, facilities, ...
New decision support system for strategic planning in process industries: computational results
(Elsevier, 2018-10)
The impact of a Stochastic Linear Programming (SLP) based Decision Support System in a manufacturing company, such as an integrated aluminum plant, is measured by two important parameters, the VSS and EVPI. With the real ...