Business Commons^™

Logistics Planning: Putting Math To Work In A Business Setting, Michael C. Hannan

Senior Projects Spring 2023

The optimization of business procedures benefits all aspects of the product. Maximizing efficiency can lead to more profits for the business, cheaper products for the consumer, and less fuel consumption for the environment. Tracing the history of optimization, we can see that people have always strived for the most efficient way to allocate scarce resources. However, the field of optimization did not blossom until innovations in mathematics allowed us to solve a majority of real world problems. The discovery of linear and nonlinear programming in the 1940s allowed us to optimize problems that were unsolvable before. This paper introduces how …

Contingency Planning Amidst A Pandemic, Natalie C. Belford

Journal of Cybersecurity Education, Research and Practice

Proper prior planning prevents pitifully poor performance: The purpose of this research is to address mitigation approaches - disaster recovery, contingency planning, and business continuity planning - and their benefits as they relate to university operations during a worldwide pandemic predicated by the novel coronavirus (COVID-19). The most relevant approach pertaining to the University’s needs and its response to the coronavirus pandemic will be determined and evaluated in detail.

B2b Or B2c, This Is The Question: A Case Study Over Implementation Of B2b And B2c Models In The Same Sector And A Cross-Company E-Business Model Evaluation, Besim Abdullai, Bashkim Nuredini

UBT International Conference

E-commerce as an interdisciplinary field was interpreted in literature in two major aspects: technological and managerial. In this paper we are going to closely investigate and analyse both of the mentioned aspects of e-commerce business models. There is no plausible conclusion among scholars toward proclaiming one of the models better than the other, since it depends on many other business environment factors and business functions. In our case study, we face two major players in the industry of fixing solutions and technologies. Based on swot analysis we explain different aspects of the B2B model implemented from the company Fischer Group, …

Project Management Assignment Tool Using R And Shiny, Ben Stewart, Hoseok Jung, Moses Rawar

Engineering and Technology Management Student Projects

Linear programs such as the R markdown language play an important role in helping to find an optimized solution in various fields of society. This area extends from the optimal distribution channels of coffee shops, which are closely related to our lives, to very important areas such as the deployment of military forces. Through this paper, we will try to find ways to maximize the efficiency and performance of a company by properly allocating project managers suitable for the projects performed by each company according to their capabilities and the requirements of the projects.

Emerging Research Institutions' Technology Transfer Supply Chain Networks' Sustainability Budget Resource Planning Tool Development, Clovia Hamilton

Winthrop Faculty and Staff Publications

Emerging Research Institution (ERls) can benefit from patent licensing revenues from the transfer f patented technologies into the commercial marketplace because these added revenues can help research institutions become more sustainable financially. However, many ERls struggle to succeed in technology transfer. This study describes the development of a university technology transfer supply chain network sustainability tool that private and public ERls can use to become more self-reliant financially. Historically black colleges and universities (HBCUs) are ERls and are used as a case study. HBCUs lag behind their peer non-HBCUs because historically they have been under-served and were originally established largely …

Impact Of Automated Guidance For Mechanical Control Of Herbicide-Resistant Weeds In Corn, Terry Griffin, James M. Lowenberg-Deboer

Journal of Applied Farm Economics

This study evaluated the feasibility of reintroducing mechanical weed control as an alternative for herbicide-resistance weed infestations. The production practice tested included row cultivation with a separate banded spray application using high-accuracy automated guidance systems. A range of ground speeds were tested for the row cultivation operation, each with a different per acre cost and timeliness penalty. A typical eastern Corn Belt farm with a rotation of corn and soybean served as the base for the linear programming model. It was found that if the farmer was willing to reintroduce tillage, row cultivation conducted at higher operating speeds in conjunction …

Hbcu Technology Transfer Supply Chair Networks’ Sustainability: Budget Resource Planning Tool Development, Clovia Hamilton

Winthrop Faculty and Staff Publications

This study describes the development of a university technology transfer supply chain network sustainability tool that Historically Black Colleges and Universities (HBCUs) can use to become more self-reliant financially. HBCUs lag behind their peer non-HBCUs because historically they have been under-served and were originally established largely as teaching and blue collar trade schools. Increased involvement in research oriented activities such as technology transfer will likely enable HBCUs to grow into new or stronger research institutions. The literature review revealed several problem areas with non-HBCUs university technology transfer include a resource planning issues. These problem areas for non-HBCUs would be challenging …

Consistency Test And Weight Generation For Additive Interval Fuzzy Preference Relations, Yejun Xu, Kevin Li, Huimin Wang

Odette School of Business Publications

Some simple yet pragmatic methods of consistency test are developed to check whether an interval fuzzy preference relation is consistent. Based on the definition of additive consistent fuzzy preference relations proposed by Tanino (Fuzzy Sets Syst 12:117–131, 1984), a study is carried out to examine the correspondence between the element and weight vector of a fuzzy preference relation. Then, a revised approach is proposed to obtain priority weights from a fuzzy preference relation. A revised definition is put forward for additive consistent interval fuzzy preference relations. Subsequently, linear programming models are established to generate interval priority weights for additive …

Estimating Demand For Container Freight Service At The Port Of Davisville, James Kroes, Yuwen Chen, Paul Mangiameli

Yuwen Chen

The Port of Davisville, located at Quonset Point, Rhode Island, is a former US Navy facility that was turned over to Rhode Island for commercial development when the naval base closed in 1974. Since then, a number of proposals have been put forth to expand the port’s operations to include the handling of containerized cargo. The Port of Davisville’s managing organization, the Quonset Development Corporation (QDC), partnered with this academic research team to objectively analyze the viability of three proposals: (1) a major expansion of the port to make it an international container megaport, (2) a lesser investment to make …

A Mathematical Decision-Making Procedure To Assist In The Development Of Sustainability Plans Based On The Stars Framework, Yu-Ti Huang, Vania R. Coelho, Jacob Massoud, Susan Briski, Ana Toepel, Marcia Silva

Jacob Massoud

Applying Monte Carlo Concept And Linear Programming In Modern Portfolio Theory To Obtain Best Weighting Structure, Tumpal Sihombing

The Indonesian Capital Market Review

The world is entering the era of recession when the trend is bearish and market is not so favorable. The capital markets in every major country were experiencing great amount of loss and people suffered in their investment. The Jakarta Composite Index (JCI) has shown a great downturn for the past one year but the trend bearish year of the JCI. Therefore, rational investors should consider restructuring their portfolio to set bigger proportion in bonds and cash instead of stocks. Investors can apply modern portfolio theory by Harry Markowitz to find the optimum asset allocation for their portfolio. Higher return …

A Mathematical Approach For Optimizing The Casino Slot Floor: A Linear Programming Application, Kasra C. Ghaharian, Ashok K. Singh

UNLV Gaming Research & Review Journal

The gaming literature has identified a number of factors that have driven the growth of Macau's casino industry. At the same time, however, questions remain as to future prospects for the growth of the enclave's gaming revenue- and specifically, whether this type of growth can be sustained. A forecast of Macau gaming revenue and an examination of its seasonality can assist scholars and practitioners alike in developing a better understanding of seasonal variation (a significant consideration in the volatile world of gaming) and the future outlook of the world gambling capital. The objective of this article is to investigate these …

An Interval-Valued Intuitionistic Fuzzy Multiattribute Group Decision Making Framework With Incomplete Preference Over Alternatives, Zhou-Jing Wang, Kevin W. Li Dr.

Odette School of Business Publications

This article proposes a framework to handle multiattribute group decision making problems with incomplete pairwise comparison preference over decision alternatives where qualitative and quantitative attribute values are furnished as linguistic variables and crisp numbers, respectively. Attribute assessments are then converted to interval-valued intuitionistic fuzzy numbers (IVIFNs) to characterize fuzziness and uncertainty in the evaluation process. Group consistency and inconsistency indices are introduced for incomplete pairwise comparison preference relations on alternatives provided by the decision-makers (DMs). By minimizing the group inconsistency index under certain constraints, an auxiliary linear programming model is developed to obtain unified attribute weights and an interval-valued intuitionistic …

An Approach To Multiattribute Decision Making With Interval-Valued Intuitionistic Fuzzy Assessments And Incomplete Weights, Zhou-Jing Wang, Kevin W. Li Dr., Weize Wang

Odette School of Business Publications

This article proposes an approach to multiattribute decision making with incomplete attribute weight information where individual assessments are provided as interval-valued intuitionistic fuzzy numbers (IVIFNs). By employing a series of optimization models, the proposed approach derives a linear program for determining attribute weights. The weights are subsequently used to synthesize individual IVIFN assessments into an aggregated IVIFN value for each alternative. In order to rank alternatives based on their aggregated IVIFN values, a novel method is developed for comparing two IVIFNs by introducing two new functions: the membership uncertainty index and the hesitation uncertainty index. An illustrative investment decision problem …

Freightliner Llc Manufacturing Optimization, Jerry Compton, Ryan Jefferis, Hasnah Mat-Amin, Felix Ngoussou

Engineering and Technology Management Student Projects

Freightliner LLC has been producing innovative products since 1942 for the trucking industry. Following a 1981 acquisition by Daimler-Benz AG, Freightliner has steadily gained market share through acquisition and fleet sales. Following record production in 1999 at maximum yield levels, year 2000 hit the heavy truck market especially hard. High diesel fuel prices, low used truck values, and a slowing economy were just a few reasons for reduced truck sales.

Through Ql of 2001, heavy vehicle production was down 54% compared to 2000 in attempts of lowering inventory amounts. In this new market, capacity is no longer the overall manufacturing …

A Force Structuring Model For A Moderately-Sized Nato Country, Hakan Bal

Theses and Dissertations

The purpose of this research is to develop a mathematical model which will aid the decision-makers of a moderately-sized NATO country to develop their future force structure composition. As the number of alternatives grows, and as the consequences become more important and more uncertain, the force structuring decision becomes increasingly difficult. The valuable lessons of past experience cannot be ignored. However, when one considers the high rotation rates of most countries' air forces, the rapid change in technology and the vast array of options available, even the most experienced leaders need some assistance. Hence, decision support tools are needed to …

Inventory Under Consignment, John Semple, Brian Downs

Historical Working Papers

A model is presented, based on experience from a real-world warehouser, that provides insight as to how best to optimize replenishment. Further work is proposed to explore forecasting and to calculate needed storage capacities.

Transhipment Problem, Salt Exportation, Brian Hogben

Theses : Honours

In order to improve its shipping operations a major salt exporter needs to reduce costs, increase market share and improve customer service. This thesis examines the use of linear (LP) and nonlinear programming (NLP) as a means of solving a nonlinear transhipment problem associated with the export of salt. Tho feasibility of using a LP or NLP approach is explored, taking into consideration the computational time and useability of the models. To meet the demands of their customers the company currently uses heuristic methods to allocate varying size ships to different routes. To remain competitive the shipping options that are …

A Mathematical Programming Method For Generating Alternative Managerial Performance Goals After Data Envelopment Analysis, Jeffrey D. Camm, Brian T. Downs

Historical Working Papers

Outcomes of mathematical analysis of decision making units are explored to find solutions that make real-world sense. In particular, tradeoffs are made between variables (both input and output variables) while maintaining a common-sense outlook on which adjustments might be feasible.

Simple Method Of Linear Programing, Marvin Tummins

Management Services: A Magazine of Planning, Systems, and Controls

No abstract provided.