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Stochastic Modeling And Optimization Of Multi-Plant Capacity Planning Problem, Anoop Verma, Nagesh Shukla, S.K Tyagi, Nishikant Mishra
Stochastic Modeling And Optimization Of Multi-Plant Capacity Planning Problem, Anoop Verma, Nagesh Shukla, S.K Tyagi, Nishikant Mishra
Nagesh Shukla
n this paper the problem of capacity planning under risk from demand and price/cost uncertainty of the finished products is addressed. The deterministic model is extended into a two-stage stochastic model with fixed recourse by means of various expected levels of demand as random. A recourse penalty is also included in the objective for both shortage and surplus in the finished products. The model is analyzed to quantify the risk using Markowitz mean-variance model.
Data-Driven Modeling And Analysis Of Household Travel Mode Choice, Nagesh Shukla, Jun Ma, Rohan Wickramasuriya Denagamage, Nam N. Huynh
Data-Driven Modeling And Analysis Of Household Travel Mode Choice, Nagesh Shukla, Jun Ma, Rohan Wickramasuriya Denagamage, Nam N. Huynh
Nagesh Shukla
One of the important problems studied in the area of travel behavior analysis is travel mode choice which is one of the four crucial steps in transportation demand estimation for urban planning. State of the art models in travel demand modelling can be classified as trip based; tour based; and activity based. In trip based approach, each individual trips is modelled as independent and isolated trips i.e. no connections between different trips. In tour based approach, trips that start and end from the same location (home, work, etc) and trips within a tour are dependent on each other. In past …