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Full-Text Articles in Business
A Teaching Supplement On Sensitivity Analysis For Linear Programming In Undergraduate Business Programs (Forthcoming), Jomon Aliyas Paul, Leo Macdonald
A Teaching Supplement On Sensitivity Analysis For Linear Programming In Undergraduate Business Programs (Forthcoming), Jomon Aliyas Paul, Leo Macdonald
Jomon Aliyas Paul
Sensitivity analysis, a key linear programming (LP) concept, is often explained in text books using complex problem scenarios that students have difficulty relating to. Consequently, many students do not fully comprehend nor appreciate significance of shadow prices or range of optimality for objective coefficients. This adds to the challenges instructors face in promoting critical thinking, a key goal in operations research and management science courses. Limited student-faculty interactions further exacerbates the problem in online learning environments. These issues can be effectively addressed through use of simple real world examples for instruction, followed by discussion of insights and intuition behind results …
Decision Support Tools For Competitive Usda Food Aid Bidding, Jomon Aliyas Paul, Xinfang (Jocelyn) Wang
Decision Support Tools For Competitive Usda Food Aid Bidding, Jomon Aliyas Paul, Xinfang (Jocelyn) Wang
Jomon Aliyas Paul
The U.S. Department of Agriculture (USDA) currently uses a bidding system to determine carriers and suppliers that would partner in providing food aid annually in response to global emergencies and famine. We mimic the USDA approach via a robust optimization model featuring box and ellipsoid uncertainty frameworks to account for uncertainties in demand, supplier and carrier bid prices. Through a case study utilizing historical invoice data, we demonstrate our model applicability in improving ocean carrier and food supplier bid pricing strategy and similar supply chain network optimization problems. Through a validation algorithm we demonstrate the value of our robust models.
Location And Capacity Allocation Decisions To Mitigate The Impacts Of Unexpected Disasters, Jomon Aliyas Paul, Leo Macdonald
Location And Capacity Allocation Decisions To Mitigate The Impacts Of Unexpected Disasters, Jomon Aliyas Paul, Leo Macdonald
Jomon Aliyas Paul
A Stochastic Dynamic Programming Approach For Strategic National Stockpile Location-Allocation Planning For Improved Hurricane Preparedness, Jomon Aliyas Paul, Leo Macdonald
A Stochastic Dynamic Programming Approach For Strategic National Stockpile Location-Allocation Planning For Improved Hurricane Preparedness, Jomon Aliyas Paul, Leo Macdonald
Jomon Aliyas Paul