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This book discusses inventory models for determining optimal ordering policies using various optimization techniques, genetic algorithms, and data mining concepts. It also provides sensitivity analyses for the models’ robustness. It presents a collection of mathematical models that deal with real industry scenarios. All mathematical model solutions are provided with the help of various optimization techniques to determine optimal ordering policy. The book offers a range of perspectives on the implementation of optimization techniques, inflation, trade credit financing, fuzzy systems, human error, learning in production, inspection, green supply chains, closed supply chains, reworks, game t...
A computer is a piece of electronic equipment that operates based on the specifications that are provided by the user. In light of the fact that the computer is incapable of comprehending natural language, it is necessary to offer the instructions in a form that can be understood by the computer. Programming language is the name given to this type of language that can be understood by computers. People are able to write instructions in a format that can be interpreted by the computer system through the use of a computer programming language, which is comprised of a set of symbols and letters, words, and grammar rules. The computer the art of making a computer perform the actions that you wan...
This book describes various mathematical models that can be used to better understand the spread of novel Coronavirus Disease 2019 (COVID-19) and help to fight against various challenges that have been developed due to COVID-19. The book presents a statistical analysis of the data related to the COVID-19 outbreak, especially the infection speed, death and fatality rates in major countries and some states of India like Gujarat, Maharashtra, Madhya Pradesh and Delhi. Each chapter with distinctive mathematical model also has numerical results to support the efficacy of these models. Each model described in this book provides its unique prediction policy to reduce the spread of COVID-19. This book is beneficial for practitioners, educators, researchers and policymakers handling the crisis of COVID-19 pandemic.
This book comprises the select proceedings of the 3rd Biennial International Conference on Future Learning Aspects of Mechanical Engineering (FLAME) 2022. It aims to provide a comprehensive and broad-spectrum picture of state-of-the-art research and development in industrial and production engineering. Various topics covered include sustainable manufacturing processes, logistics & supply chains, Industry 4.0 practices, circular economy, lean six sigma, agile manufacturing, additive manufacturing, IoT and Big Data in manufacturing, 3D printing, simulation, manufacturing management and automation, surface roughness, multi-objective optimization and modelling for production processes, developments in casting, welding, machining, and machine tools and many more advancements in industrial and production engineering. This volume will prove a valuable resource for those in academia and industry working in the area of industrial and production engineering.
This book presents a collection of mathematical models that deals with the real scenario in the industries. The primary objective of this book is to explore various effective methods for inventory control and management using soft computing techniques. Inventory control and management is a very tedious task faced by all the organizations in any sector of the economy. It makes decisions for policies, activities, and procedures in order to make sure that the right amount of each item is held in stock at any time. Many industries suffer from indiscipline while ordering and production mismatch. It is essential to provide best ordering policy to control such kind of mismatch in the industries. All the mathematical model solutions are provided with the help of various soft computing optimization techniques to determine optimal ordering policy. This book is beneficial for practitioners, educators, and researchers. It is also helpful for retailers/managers for improving business functions and making more accurate and realistic decisions.
"This 10-volume compilation of authoritative, research-based articles contributed by thousands of researchers and experts from all over the world emphasized modern issues and the presentation of potential opportunities, prospective solutions, and future directions in the field of information science and technology"--Provided by publisher.
This book addresses a broad range of problems commonly encountered in the fields of financial analysis, logistics and supply chain management, such as the use of big data analytics in the banking sector. Divided into twenty chapters, some of the contemporary topics discussed in the book are co-operative/non-cooperative supply chain models for imperfect quality items with trade-credit financing; a non-dominated sorting water cycle algorithm for the cardinality constrained portfolio problem; and determining initial, basic and feasible solutions for transportation problems by means of the “supply demand reparation method” and “continuous allocation method.” In addition, the book delves ...
This book provides a clear understanding regarding the fundamentals of matrix and determinant from introduction to its real-life applications. The topic is considered one of the most important mathematical tools used in mathematical modelling. Matrix and Determinant: Fundamentals and Applications is a small self-explanatory and well synchronized book that provides an introduction to the basics along with well explained applications. The theories in the book are covered along with their definitions, notations, and examples. Illustrative examples are listed at the end of each covered topic along with unsolved comprehension questions, and real-life applications. This book provides a concise understanding of matrix and determinate which will be useful to students as well as researchers.
"This book examines related research in decision, management, and other behavioral sciences in order to exchange and collaborate on information among business, industry, and government, providing innovative theories and practices in operations research"--Provided by publisher.
While many advances have been made in understanding the complexity of manufacturing and production engineering, the social and organizational context remains problematic due to the abstract nature of leadership and diverse personnel. Interdisciplinary perspectives to increase knowledge and understanding of engineering management and related processes are necessary in the industry. Enhancing Competitive Advantage With Dynamic Management and Engineering is an essential reference source containing scholarly research on the relevant theoretical frameworks and the latest empirical research findings of strategic administration in engineering. It also explores how to better merge, interrelationship organizations, management, and employee needs in order to increase efficiency, productivity, and profitability. Featuring coverage on a broad range of topics such as business process orientation, diversity management, and enterprise architecture, this book provides vital research for managers, researchers, engineers, and other professionals within engineering and production management.