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1 – 2 of 2Nahid Dorostkar-Ahmadi, Mohsen Shafiei Nikabadi and Saman babaie-kafaki
The success of any organization in a knowledge-based economy depends on effective knowledge transferring and then proper use of the transferred knowledge. As is known, optimizing…
Abstract
Purpose
The success of any organization in a knowledge-based economy depends on effective knowledge transferring and then proper use of the transferred knowledge. As is known, optimizing the knowledge transferring costs in a product portfolio plays an important role in improving productivity, competitive advantage and profitability of any organization. Therefore, this paper aims to determine an optimal product portfolio by minimizing the konlwedge transferring costs.
Design/methodology/approach
Here, a fuzzy binary linear programming model is used to select an optimal product portfolio. The model is capable of considering the knowledge transferring costs while taking into account the human-hours constraints for each product by a fuzzy approach. Using fuzzy ranking functions, a reasonable solution of the model can be achieved by classical or metaheuristic algorithms.
Findings
Numerical experiments indicate that the proposed fuzzy model is practically effective.
Originality/value
The contributions of this work essentially consist of considering knowledge transferring costs in selecting an optimal product portfolio and using the fuzzy data which make the model more realistic.
Details
Keywords
Saman Babaie-Kafaki and Saeed Rezaee
The purpose of this paper is to employ stochastic techniques to increase efficiency of the classical algorithms for solving nonlinear optimization problems.
Abstract
Purpose
The purpose of this paper is to employ stochastic techniques to increase efficiency of the classical algorithms for solving nonlinear optimization problems.
Design/methodology/approach
The well-known simulated annealing strategy is employed to search successive neighborhoods of the classical trust region (TR) algorithm.
Findings
An adaptive formula for computing the TR radius is suggested based on an eigenvalue analysis conducted on the memoryless Broyden-Fletcher-Goldfarb-Shanno updating formula. Also, a (heuristic) randomized adaptive TR algorithm is developed for solving unconstrained optimization problems. Results of computational experiments on a set of CUTEr test problems show that the proposed randomization scheme can enhance efficiency of the TR methods.
Practical implications
The algorithm can be effectively used for solving the optimization problems which appear in engineering, economics, management, industry and other areas.
Originality/value
The proposed randomization scheme improves computational costs of the classical TR algorithm. Especially, the suggested algorithm avoids resolving the TR subproblems for many times.
Details