FINAL PROJECT REPORT August 2007 Project no.: IST-2001-35304 Project Co-ordinator: Frits Vaandrager Project Start Date: 1 April 02 Duration: 39 months Project home page: http://ametist.cs.utwente.nl/ Status: Public Contents 1 Project Overview 1.1 Consortium Description . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.2 Main Achievements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 Project Objectives 3 Project Methodologies‚ Results and Achievements 3.1 Model-Based
Premium Project management Case study Problem solving
Operation Red Wing On June 28‚ 2005 The SEAL team‚ led by LT Michael P. Murphy and consisting of petty officers Matthew Axelson‚ Danny Dietz and Marcus Luttrell‚ were on a mission to kill or capture Ahmad Shah‚ a Taliban leader who commanded a group of insurgents known as the "Mountain Tigers‚" west of Asadabad. The initial counter-insurgent mission in Kunar Province‚ Afghanistan seemed to be running accordingly with a successful infiltration into enemy territories until local Goat herders stumbled
Premium Marcus Luttrell United States Naval Special Warfare Command
competitiveness‚ this has added to the complexity of operations‚ including inventory management. In what ways did the expansion of menu offerings create a problem for inventory management? One form of inventory is safety stock‚ which is primarily carried by companies to ensure a variety of products is available at all times. However‚ safety stock ties up capital and hinders cash flow. Using the Argosy University online library resources and the Internet‚ research safety stock. Then respond to the following:
Premium Inventory Supply chain management Operations research
Profile and Description The industrial engineer is the one who is responsible for revolving around determining ways. The industrial engineers have the responsibility to increase production and needs to work for increasing the efficiency of the operations. It is needed to do the people management‚ technology and business organization. The job is basically for someone who keeps advancing the education and skills. It is needed to work for getting the expertise in the field. Duties and Responsibilities
Premium Manufacturing Operations research Engineering
Report- Hard Copy ASSIGNMENT METHOD The assignment problem is one of the fundamental combinatorial optimization problems in the branch of optimization or operations research in mathematics. It consists of finding a maximum weight matching in a weighted bipartite graph. In its most general form‚ the problem is as follows: There are a number of agents and a number of tasks. Any agent can be assigned to perform any task‚ incurring some cost that may vary depending on the agent-task assignment
Premium Combinatorial optimization Costs Operations research
Define Managerial Economics and explain its main characteristics. 190 days ago by Galaxy Edu Planet 0 Q. Define Managerial Economics and explain its main characteristics. Answer: Meaning: Managerial economics is a science that deals with the application of various economic theories‚ principles‚ concepts and techniques to business management in order to solve business and management problems. It deals with the practical application of economic theory and methodology to decision-making problems
Premium Management Economics Business
competes in 26 distinct product-category markets such as hair care‚ cosmetics‚ paper towels‚ skin care‚ oral care‚ blades and razors‚ diapers and fabric care. Procter & gamble has leveraged its cross-functional organizational structure with operations research to reduce its inventory investment. Savings were achieved in a two-step process‚ spreadsheet-based inventory models and implementation of the multi-echelon inventory optimization software. Spreadsheet-based inventory model were the first inventory
Premium Supply chain management Inventory Supply chain
European Journal of Operational Research 146 (2003) 621–633 www.elsevier.com/locate/dsw Interfaces with Other Disciplines Optimal new product positioning: A genetic algorithm approach Thomas S. Gruca a a‚1 ‚ Bruce R. Klemz b‚* Department of Marketing‚ University of Iowa‚ W376 Pappajohn Business Building‚ Iowa City‚ IA 52242-1000‚ USA b Department of Marketing‚ Winona State University‚ 101 Somsen‚ Winona‚ MN 55987‚ USA Received 23 March 1999; accepted 24 October 2001 Abstract
Premium Marketing Optimization Operations research
correlation and calculus.[3] If there is a unifying theme that runs through most of managerial economics‚ it is the attempt to optimize business decisions given the firm’s objectives and given constraints imposed by scarcity‚ for example through the use of operations research‚ mathematical programming‚ game theory for strategic decisions‚[4] and othercomputational methods.[5] Managerial decision areas include: assessment of investible funds selecting business area choice of product determining optimum output
Premium Economics Operations research Management
The development of linear programming has been ranked among the most important scientific advances of the mid 20th century. Its impact since the 1950’s has been extraordinary. Today it is a standard tool used by some companies (around 56%) of even moderate size. Linear programming uses a mathematical model to describe the problem of concern. Linear programming involves the planning of activities to obtain an optimal result‚ i.e.‚ a result that reaches the specified goal best (according to the mathematical
Premium Rate of return Scientific method Operations research