Search results

1 – 10 of over 5000
Article
Publication date: 3 June 2022

Meng Xia and Jan Sykulski

The purpose of this paper is to propose a novel methodology based on budget constrained Min-Cut theorem to solve constrained topology optimization (TO).

Abstract

Purpose

The purpose of this paper is to propose a novel methodology based on budget constrained Min-Cut theorem to solve constrained topology optimization (TO).

Design/methodology/approach

This paper establishes a weighted network with budget, which is derived from the sensitivity with respect to the constraint function. The total budget carried by the topology evaluates the extent to which the constraint is satisfied. By finding the Min-Cut under budget constraint in each step, the proposed method is able to solve constrained TO problem.

Findings

The results obtained from a magnetic actuator including a yoke, a coil and an armature have demonstrated that the proposed method is effective to solve constrained TO problem.

Originality/value

A novel methodology based on budget constrained Min-Cut is proposed to solve constrained TO problem.

Details

COMPEL - The international journal for computation and mathematics in electrical and electronic engineering , vol. 42 no. 1
Type: Research Article
ISSN: 0332-1649

Keywords

Book part
Publication date: 23 September 2014

Hemantha S. B. Herath, Wayne G. Bremser and Jacob G. Birnberg

Empirical evidence indicates that effective management of resources to implement strategy in a balanced scorecard (BSC) system is essential. We present a mathematical model for…

Abstract

Purpose

Empirical evidence indicates that effective management of resources to implement strategy in a balanced scorecard (BSC) system is essential. We present a mathematical model for allocating limited resources in the BSC strategy implementation process.

Methodology/approach

The proposed facilitated negotiation model provides a systematic approach to prioritizing strategic initiatives in the design and implementation of a BSC.

Findings

Our joint decision model prioritizes strategic initiatives and concurrently calculates the optimal (or approximately optimal) set of BSC targets and weights, given multiyear resource restrictions.

Practical Implications

The model assumes full, open, and truthful exchange of information between the parties; an assumption that may exclude many organizations.

Social Implications

We address an important gap in the BSC literature on how organizations can effectively link strategy to the potential constraint of resource budgets.

Originality/value

Quantitative models are being used in practice for allocating resources, but we are not aware of their use by organizations for allocating resources in a BSC application.

Article
Publication date: 29 August 2019

Nooshin Hakamipour

The purpose of this paper is to consider the general k level step-stress accelerated life test with the Rayleigh lifetime distribution for units subjected to stress under…

Abstract

Purpose

The purpose of this paper is to consider the general k level step-stress accelerated life test with the Rayleigh lifetime distribution for units subjected to stress under progressive Type-I censoring.

Design/methodology/approach

The parameter of this distribution is assumed to be a log-linear function of the stress, and a tampered failure rate model holds. The progressive Type-I censoring reduces the cost of testing. Due to constrained resources in practice, the test design must be optimized carefully. A numerical study is conducted to illustrate the optimum test design based on several four optimality criteria under the constraint that the total experimental cost does not exceed a pre-specified budget.

Findings

This paper compares unconstrained and constrained optimal k level step-stress test. Based on the results of the simulation study, the cost constraint reduces cost and time of the test and it also, in the most cases, increases the efficiency of the test. Also, the T-optimal design is lowest cost and time for testing and it is found more optimal in both conditions.

Originality/value

In this paper, various optimization criteria for selecting the stress durations have been used, and these criteria are compared together. Also, because of affecting the stress durations on the experimental cost, the author optimize under the constraint that the total experimental cost does not exceed a pre-specified budget. The efficiency of the unconstrained test in comparison with constrained test is discussed.

Details

International Journal of Quality & Reliability Management, vol. 36 no. 10
Type: Research Article
ISSN: 0265-671X

Keywords

Abstract

Details

Handbook of Microsimulation Modelling
Type: Book
ISBN: 978-1-78350-570-8

Article
Publication date: 24 August 2021

Soumya Roy, Biswabrata Pradhan and Annesha Purakayastha

This article considers Inverse Gaussian distribution as the basic lifetime model for the test units. The unknown model parameters are estimated using the method of moments, the…

Abstract

Purpose

This article considers Inverse Gaussian distribution as the basic lifetime model for the test units. The unknown model parameters are estimated using the method of moments, the method of maximum likelihood and Bayesian methods. As part of maximum likelihood analysis, this article employs an expectation-maximization algorithm to simplify numerical computation. Subsequently, Bayesian estimates are obtained using the Metropolis–Hastings algorithm. This article then presents the design of optimal censoring schemes using a design criterion that deals with the precision of a particular system lifetime quantile. The optimal censoring schemes are obtained after taking into account budget constraints.

Design/methodology/approach

This article first presents classical and Bayesian statistical inference for Progressive Type-I Interval censored data. Subsequently, this article considers the design of optimal Progressive Type-I Interval censoring schemes after incorporating budget constraints.

Findings

A real dataset is analyzed to demonstrate the methods developed in this article. The adequacy of the lifetime model is ensured using a simulation-based goodness-of-fit test. Furthermore, the performance of various estimators is studied using a detailed simulation experiment. It is observed that the maximum likelihood estimator relatively outperforms the method of moment estimator. Furthermore, the posterior median fares better among Bayesian estimators even in the absence of any subjective information. Furthermore, it is observed that the budget constraints have real implications on the optimal design of censoring schemes.

Originality/value

The proposed methodology may be used for analyzing any Progressive Type-I Interval Censored data for any lifetime model. The methodology adopted to obtain the optimal censoring schemes may be particularly useful for reliability engineers in real-life applications.

Details

International Journal of Quality & Reliability Management, vol. 39 no. 8
Type: Research Article
ISSN: 0265-671X

Keywords

Article
Publication date: 14 December 2017

Harun Bulut

Regional differences in crop insurance uptake have persisted over time. To partly explain this phenomenon, the purpose of this paper is to propose and evaluate a budget constraint

Abstract

Purpose

Regional differences in crop insurance uptake have persisted over time. To partly explain this phenomenon, the purpose of this paper is to propose and evaluate a budget constraint (heuristic) effect within the standard expected utility theory (EUT) framework through simulation methods.

Design/methodology/approach

Within the EUT framework, a standard simulation model is used to gain insights into farm insurance decisions when a budget constraint is in effect. The budget constraint is modeled as it has been revealed through the data on farmers’ insurance expenditures. In the simulation analysis, certainty equivalent values are used to rank farm options subject to the revealed budget constraint.

Findings

A budget constraint effect within the EUT framework stands out in explaining the observed regional differences. The proposed explanation is consistent with the historical trends on the ratio of crop insurance expenditure to expected crop value, higher premium rates in regions with lower crop insurance uptake, and the limited turnout for the 2014 Farm Bill’s supplemental area-based crop insurance products. Farmers’ crop insurance choices are found to be mostly constrained-optimal.

Originality/value

This appears to be the first study taking the revealed preferences approach to farmers’ crop insurance choices in a simulation analysis. Some policy implications are drawn and future research avenues are suggested. The findings should be of considerable value to policymakers, academics, bankers, and producers in regard to the design and use of risk management tools.

Article
Publication date: 1 June 2005

Mustapha Nourelfath and Nabil Nahas

The purpose of this paper is to apply a recent kind of neural networks in a reliability optimization problem for a series system with multiple‐choice constraints incorporated at…

831

Abstract

Purpose

The purpose of this paper is to apply a recent kind of neural networks in a reliability optimization problem for a series system with multiple‐choice constraints incorporated at each subsystem, to maximize the system reliability subject to the system budget and weight. The problem is formulated as a non‐linear binary integer programming problem and characterized as an NP‐hard problem.

Design/methodology/approach

The design of neural network to solve this problem efficiently is based on a quantized Hopfield network (QHN). It has been found that this network allows one to obtain optimal design solutions very frequently and much more quickly than other Hopfield networks.

Research limitations/implications

For systems more complex than series systems considered in this paper, the proposed approach needs to be adapted. The QHN‐based solution approach can be applied in many industrial systems where reliability is considered as an important design measure, e.g. in manufacturing systems, telecommunication systems and power systems.

Originality/value

The paper develops a new efficient method for reliability optimization. The most interesting characteristic of this method is related to its high‐speed computation, since the practical importance lies in the short computation time needed to obtain an optimal or nearly optimal solution for large industrial problems.

Details

Journal of Quality in Maintenance Engineering, vol. 11 no. 2
Type: Research Article
ISSN: 1355-2511

Keywords

Book part
Publication date: 29 January 2013

Makoto Chikaraishi, Akimasa Fujiwara, Junyi Zhang and Dirk Zumkeller

Purpose — This study proposes an optimal survey design method for multi-day and multi-period panels that maximizes the statistical power of the parameter of interest under the…

Abstract

Purpose — This study proposes an optimal survey design method for multi-day and multi-period panels that maximizes the statistical power of the parameter of interest under the conditions that non-linear changes in response to a policy intervention over time can be expected.

Design/methodology/approach — The proposed method addresses balances among sample size, survey duration for each wave and frequency of observation. Higher-order polynomial changes in the parameter are also addressed, allowing us to calculate optimal sampling designs for non-linear changes in response to a given policy intervention.

Findings — One of the most important findings is that variation structure in the behaviour of interest strongly influences how surveys are designed to maximize statistical power, while the type of policy to be evaluated does not influence it so much. Empirical results done by using German Mobility Panel data indicate that not only are more data collection waves needed, but longer multi-day periods of behavioural observations per wave are needed as well, with the increase in the non-linearity of the changes in response to a policy intervention.

Originality/value — This study extends previous studies on sampling designs for travel diary survey by dealing with statistical relations between sample size, survey duration for each wave, and frequency of observation, and provides the numerical and empirical results to show how the proposed method works.

Article
Publication date: 1 April 1981

Arthur Meidan

Introduction Operations research, i.e. the application of scientific methodology to operational problems in the search for improved understanding and control, can be said to have…

Abstract

Introduction Operations research, i.e. the application of scientific methodology to operational problems in the search for improved understanding and control, can be said to have started with the application of mathematical tools to military problems of supply bombing and strategy, during the Second World War. Post‐war these tools were applied to business problems, particularly production scheduling, inventory control and physical distribution because of the acute shortages of goods and the numerical aspects of these problems.

Details

Management Decision, vol. 19 no. 4/5
Type: Research Article
ISSN: 0025-1747

Article
Publication date: 12 June 2023

Sarasadat Alavi, Ali Bozorgi-Amiri and Seyed Mohammad Seyedhosseini

Fortification-interdiction models provide system designers with a broader perspective to identify and protect vital components. Based on this concept, the authors examine how…

Abstract

Purpose

Fortification-interdiction models provide system designers with a broader perspective to identify and protect vital components. Based on this concept, the authors examine how disruptions impact critical supply systems and propose the most effective protection strategies based on three levels of decision-makers. This paper aims to investigate location and fortification decisions at the first level. Moreover, a redesign problem is presented in the third level to locate backup facilities and reallocate undisrupted facilities following the realization of the disruptive agent decisions at the second level.

Design/methodology/approach

To address this problem, the authors develop a tri-level planner-attacker-defender optimization model. The model minimizes investment and demand satisfaction costs and alleviates maximal post-disruption costs. While decisions are decentralized at different levels, the authors develop an integrated solution algorithm to solve the model using the column-and-constraint generation (CCG) method.

Findings

The model and the solution approach are tested on a real supply system consisting of several hospitals and demand areas in a region in Iran. Results indicate that incorporating redesign decisions at the third level reduces maximum disruption costs.

Originality/value

The paper makes the following contributions: presenting a novel tri-level optimization model to formulate facility location and interdiction problems simultaneously, considering corrective measures at the third level to reconfigure the system after interdiction, creating a resilient supply system that can fulfill all demands after disruptions, employing a nested CCG method to solve the model.

Details

Kybernetes, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0368-492X

Keywords

1 – 10 of over 5000