Browsing Working Papers by Author "Dutta, Goutam"
Now showing items 1-20 of 33
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Application of optimization based decision support system in a polymer manufacturing company in India
Dutta, Goutam (2009-12-12)In this paper we describe the application of the multi-period optimization based DSS in a polymer manufacturing company in India. This is probably the first attempt to use a mathematical programming model for operating and ... -
Artificial neural network models for forcasting stock price index in Bombay Stock Exchange
Jha, Pankaj; Mohan, Neeraj; Laha, Arnab Kumar; Dutta, Goutam (2010-04-03)In this paper we discuss modeeling of Indian stock market (prce index) data using ANN. we discuss the efficiency of ANN in modeling The Bombay Stock Exchange (BSE) SENSEX weekly closing values we develop two networks with ... -
Capacity management of intensive care units in a multi- specialty hospital in India
Vohra, Seema; Dutta, Goutam; Ghosh, D. K. (2010-07-22)The paper describes the capacity management of Intensive Care Units (ICUs) in a 300- bed multi- specialty hospital where the alternative ICU is utilized when the appropriate ICU is full for a set of two types of ICUs. ... -
Capacity management of intensive care units in a multi- specialty hospital in India
Vohra, Seema; Dutta, Goutam; Ghosh, D. K. (2010-07-26)The paper describes the capacity management of Intensive Care Units (ICUs) in a 300- bed multi- specialty hospital where the alternative ICU is utilized when the appropriate ICU is full for a set of two types of ICUs. ... -
Database structure for a class of multi-period mathematical programming models
Dutta, Goutam; Fourer, Robert (2009-12-14)We introduce how a generic multi-period optimization based decision support system (DSS) can be used for strategic and operational planning in a company with five fundamental elements, namely Materials, Facilities, Activities, ... -
Database structure for a multi stage stochastic optimization based decision support system for asset – liability management of a life insurance company
Rao, Harish Venkatesh; Dutta, Goutam; Basu, Sankarshan (Indian Institute of Management, Ahmedabad, 2014)We introduce a stochastic optimization based decision support system (DSS) for asset-liability management of a life insurance firm using a multi-stage, stochastic optimization model. The DSS is based on a multi-stage ... -
Design and Application of Risk Adjusted Cumulative Sum (RACUSUM) for Online Strength Monitoring of Ready Mixed Concrete
Dutta, Goutam; Sarkar, Debasis (2009-07-29)The Cumulative Sum (CUSUM) procedure is an effective statistical process control tool that can be used to monitor quality of ready mixed concrete (RMC) during its production process. Online quality monitoring refers to ... -
Development of Utility Function for Life Insurance Buyers in the Indian Market
Dutta, Goutam; Basu, Sankarshan; Jose, John (Indian Institute of Management Ahmedabad, 2008)Insurance as a financial instrument has been used for a long time. The dramatic increase in competition within the insurance sector (in terms of providers coupled with awareness for the need for insurance) has resulted in ... -
Development of utility function for vehicle insurance: Comparison of logarithmic goal programming method and conjoint analysis method
Natesan, Sumeetha R.; Dutta, Goutam (Indian Institute of Management Ahmedabad, 2020-02-25)The increase in competition among the vehicle insurance sectors has increased the number of policy options available in the market. This study focuses on the development of a utility function for these policies that will ... -
A dynamic pricing approach on electricity prices in Indian context
Desai, Kinnary; Dutta, Goutam (IIM Ahmedabad, 2013-12-07)In this paper, we study the mechanism of dynamic pricing of electricity and its opportunities in the Indian context. We compare the economic efficiency of dynamic pricing vis-à-vis the traditional flat tariff of electricity. ... -
Dynamic Pricing of Electricity: A Survey of Related Research
Dutta, Goutam; Mitra, Krishnendranath (Indian Institute of Management Ahmedabad, 2015)In this paper, we survey 82 papers related to revenue management and dynamic pricing of electricity and lists future research avenues in this field. Dynamic pricing has the potential to modify electric load profiles by ... -
Electricity consumption scheduling with energy storage, home-based renewable energy production and a customized dynamic pricing scheme
Mitra, Krishnendranath; Dutta, Goutam (Indian Institute of Management Ahmedabad, 2016)In this paper we propose a scheduling model for electrical appliances in a dynamic pricing environment. Initially we have given a vector of price points for the next twenty four hours. We have developed an optimization ... -
An expanded database structure for a class of multiperiod, stochastic mathematical programming models for process industries
Gupta, Narain; Dutta, Goutam; Fourer, Robert (IIM Ahmedabad, 2013-12-05)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 ... -
Forecast accuracy along booking profile in the national railways of an emerging Asian economy: comparison of different techniques
Dutta, Goutam; Divya, Pachisia (Indian Institute of Management Ahmedabad, 2014)The National Railways of an Emerging Asian Economy (NREAE), the second largest railway network in the world, is facing growing challenges from low fare airlines. To combat these challenges, NREAE has to adopt revenue ... -
An introduction to the aluminum industry and survey of or applications in an integrated aluminum plant
Dutta, Goutam; Apujani, Payal; Gupta, Narain (Indian Institute of Management Ahmedabad, 2016-04-01)Worldwide, the manufacturing industry is now aiming for competitive advantage and increased profits. To remain competitive, a manufacturing company needs to use tools that provide it with a distinctive competitive edge. ... -
Lessons for success in OR/MS practice gained from experiences in Indian and US steel plants
Dutta, Goutam (2009-12-12)I worked on modeling integrated steel plants in India (as an analyst) and in the USA (as a doctoral student). The following factors influence the successful OR/MS practice: positioning of OR/MS in Operations and not in ... -
A logarithmic goal programming approach to develop the utility function for railway travel
Dutta, Goutam; Ghosh, Priyanko; Wanchoo, Arushi (2013-11-26)A railway passenger faces a dilemma of choosing the best train among several alternatives available in a particular route. A relative comparison of competing railways helps the passenger to make an informed choice before ... -
Mathematical modeling for demurrage reduction in coal transportation for an Indian thermal power plant
Bhatnagar, Amit; Gupta, Ritesh; Pappu, Sriharsha; Dutta, Goutam (2010-04-01)Competitive pressures on power plants have seen them attempting to reduce their operating expenses for profitable operations. In India, the plants use wagons of the Indian Railways to transport coal from the mines (in ... -
Mathematical modelling for time-of-use pricing of electricity in monopoly and oligopoly
Kaicker, Nidhi; Dutta, Goutam; Das, Debamanyu; Banerjee, Subhashree (Indian Institute of Management Ahmedabad, 2017-10-17)This study establishes the feasibility condition for efficiency gains to arise from time-of-use pricing in the electricity market in a monopolistic and oligopolistic set up using constrained optimization. In an oligopolistic ... -
A mathematical programming approach with revenue management in home loan pricing
Dutta, Goutam; Natesan, Sumeetha R.; Thakur, Deepika; Tiwari, Manoj K. (Indian Institute of Management Ahmedabad, 2020-02-25)We formulate a dynamic pricing model for home loans for a bank. The model optimizes the net present value of money available at the end of 15 years subject to pricing limits and cash flows. We collected the real data from ...