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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 ...
A two-part dynamic pricing policy for household electricity consumption scheduling with minimized expenditure
(Elsevier, 2018-02-22)
In this paper we propose an optimization model for scheduling electrical appliances for an individual household. Here, customers are offered dynamic prices which are a function of that household’s planned consumption and ...
New asset liability management model with decision support system for life insurance companies: interface design issues for database and mathematical models
(Inderscience, 2018)
We introduce a new asset liability management (ALM) model based on decision support system (DSS) for a life insurance firm. The DSS is based on multi-stage stochastic linear programming (SLP) with recourse for strategic ...