Commenced in January 2007
Frequency: Monthly
Edition: International
Paper Count: 30184
Determining Optimal Production Plan by Revised Surrogate Worth Trade-off Method

Authors: Tunjo Peric, Zoran Babic

Abstract:

The authors of this work indicate by means of a concrete example that it is possible to apply efficaciously the method of multiple criteria programming in dealing with the problem of determining the optimal production plan for a certain period of time. The work presents: (1) the selection of optimization criteria, (2) the setting of the problem of determining an optimal production plan, (3) the setting of the model of multiple criteria programming in finding a solution to a given problem, (4) the revised surrogate trade-off method, (5) generalized multicriteria model for solving production planning problem and problem of choosing technological variants in the metal manufacturing industry. In the final part of this work the authors reflect on the application of the method of multiple criteria programming while determining the optimal production plan in manufacturing enterprises.

Keywords: multi-criteria programming, production planning, technological variant, Surrogate Worth Trade-off Method.

Digital Object Identifier (DOI): doi.org/10.5281/zenodo.1080328

Procedia APA BibTeX Chicago EndNote Harvard JSON MLA RIS XML ISO 690 PDF Downloads 1501

References:


[1] P. J. AGRELL, A. STAM, G. W. FISCHER, "Interactive multiobjective agro-ecological land use planning: The Bungoma region in Kenya", European Journal of Operational Research, Vol. 158, 2004, pp. 194-217.
[2] Z. BADEVIC, Matematiceskaja optimizacija v seljskom hozjajstve, Kolos, Moskva, 1982.
[3] V. CHANKONG and Y. Y. HAIMES, Multiobjective Decision Making: Theory and Methodology, North Holland, New York, 1983.
[4] G. FANDEL and J. SPRONK (editors), Multiple Criteria Decision: Methods and Applications, Springer - Verlag, New York, 1985.
[5] J. S. FIGUEIRA, S. GRECO and M. ERGHOTT (Editors), Multiple Criteria Analysis. State of the Art Surveys, Springer, New York, 2005.
[6] Y. Y. HAIMES, W. A. HALL and H. T. FREEDMAN, "Multiobjective Optimization in Water Resources Systems, the Surrogate Worth Tradeoff Method, Elsevier Scientific New York, 1975.
[7] Y. W. HUMBLE, Poboljšanje rezultata poslovanja, Informator, Zagreb, 1971.
[8] J. KANGAS, R. STORE, A. KANGAS, "Socioecological landscape planning approach and multicriteria acceptability analysis in multiplepurpose forest management", Forest Policy and Economics, Vol. 7, (4), 2005. pp. 603-614.
[9] H. W. KUHN and A. W. TUCKER, ÔÇ×Nonlinear Programming" in Procedings of the Second Berkeley Simposium on Mathematical Statitics and Probability (Editor: J. Neyman), University of California Press, Berkeley, California, 1951. pp. 481 - 491.
[10] N. K. KWAK, CH. W. LEE, ÔÇ×Business process reengineering for healthcare system using multicriteria mathematical programming", European Journal of Operational Research, Vol. 140, (2), 2002, pp. 447-458.
[11] M. T. TABUCANON, Multiple criteria Decision Making in industry, Elsevier, New York, 1988.