Applications of Management Science

Applications of Management Science: In Productivity, Finance, and Operations......Page 4
Contents......Page 6
List of Contributors......Page 10
Dedication......Page 14
Editorial Board......Page 16
Part I: Data Envelopment Analysis......Page 18
Measuring Organizational Efficiency with Data Envelopment Analysis: The Horace Mann Insurance Company......Page 20
Data Envelopment Analysis......Page 21
The Horace Mann Insurance Group......Page 22
Conclusion......Page 27
References......Page 28
Consumer-Packaged Freight Delivery Evaluation: A Multiple Criteria Data Envelopment Analysis Approach......Page 30
Introduction......Page 31
Data Envelopment Analysis......Page 32
Multiple Criteria DEA......Page 33
An Example......Page 35
References......Page 37
Evaluating the Operational Efficiency of Railway Systems with Sensitivity Analyses to Sampling Variations......Page 40
Introduction......Page 41
Data Envelopment Analysis......Page 42
The Bootstrap......Page 46
Model Result......Page 48
Conclusion......Page 53
References......Page 54
Introduction......Page 58
Evolution of DEA......Page 59
Prior Utility Studies......Page 61
Future Research Proposal......Page 63
References......Page 64
Part II: Multi-Criteria Applications......Page 66
Introduction......Page 68
Single Objective Optimization Approaches......Page 69
Multi-Objective Optimization Problems......Page 71
Efficient Schedules......Page 73
Integer Programming Approaches......Page 74
Multiple-Attribute Value Function Approaches......Page 75
Recent Approaches......Page 76
References......Page 77
Auditing......Page 80
The Audit Sample of Accounts Receivable......Page 81
Representative Sampling......Page 83
Dollar Units Sampling......Page 84
A Multi-Objective Nonlinear Model for Audit Sampling......Page 85
An Example Problem......Page 87
Conclusions......Page 91
References......Page 92
Introduction......Page 94
Decision Variables......Page 95
Demand Satisfaction Goal jth Customer Districts......Page 96
Example problem......Page 97
Converting into a LP Problem......Page 101
Conclusion......Page 103
References......Page 104
Identifying Compounds for Pharmaceutical Companies’ Development Tracks Using a Multi-Criteria Decision Model......Page 106
Introduction......Page 107
A Review of the Literature......Page 108
The AHP......Page 109
An Application of AHP to the Identification of Potential First-In-Class Patentable Drugs......Page 111
Model Validation......Page 123
Notes......Page 124
References......Page 125
Calculating Disassembly Yields in a Multi-Criteria Decision-Making Environment for a Disassembly-to-Order System......Page 126
Literature Review......Page 127
One-to-One Heuristic......Page 129
One-to-Many Heuristic......Page 130
Mathematical Model......Page 131
The Goals......Page 132
Total Profit Value and Related Terms......Page 133
Disassembly Process......Page 134
Reuse Process......Page 135
Store Process......Page 136
The GP Model......Page 137
Procedure to Solve the GP Model......Page 138
Case Example......Page 140
References......Page 141
Part III: Operational Applications......Page 144
Selection Criteria for a Network Design Model with Uncertain Demand......Page 146
Introduction and notation......Page 147
Mathematical Programming Formulation......Page 148
Tree-Based Cost Functions......Page 149
Characteristics of the Optimal Spectrum......Page 152
Selecting a Network Design......Page 154
Efficient Schemes for Generating Design Alternatives......Page 155
References......Page 158
Appendix. Finding the Optimal Spectrum......Page 159
Introduction......Page 162
Truckload routing problem......Page 163
Background......Page 164
Previous Solution Methods......Page 165
TRP Triplet Formulation......Page 166
Complete Deterministic Formulation......Page 168
Cost Specification......Page 169
Conclusion......Page 170
References......Page 171
Vertical Cooperative Advertising in a Manufacturer-Retailer Supply Channel......Page 174
Introduction......Page 175
Assumptions......Page 177
Classical co-op Advertising Model......Page 178
Full Coordinated Vertical co-op Advertising Model......Page 181
Concluding Remarks......Page 186
References......Page 187
Proof of Results......Page 188
Deterministic Hybrid and Stochastic Combinatorial Optimization Treatments of an Electronic Product Disassembly Line......Page 192
Introduction......Page 193
The DLBP Model Description......Page 194
NP-Hardness Proof......Page 202
The Greedy and AEHC Heuristics......Page 203
DLBP-Specific GA Architecture......Page 207
DLBP-Specific GA Qualitative Modifications......Page 208
Electronic Product Case Study......Page 209
Numerical results......Page 210
Conclusions......Page 212
References......Page 213
Introduction......Page 216
Dynamic Supply Networks......Page 217
Mirror Worlds (Gelernter, 1992)......Page 218
Supply Chains or Supply Networks?......Page 219
Limitations of Supply Network Integration......Page 220
Delivery Interruption......Page 221
Other Types of Events......Page 222
Generic Supply Network Roles......Page 223
Accounting Data......Page 224
Internet-Based Data......Page 225
Intelligent Agents and Data Sources......Page 226
Procter & Gamble’s Modeling Supply Networks......Page 227
Summary......Page 228
References......Page 229
An Analytic Network Process Model for Internal Auditor Selection......Page 232
Introduction......Page 233
The Analytic Network Process......Page 234
The Decision Network Hierarchy......Page 235
Illustrative Example......Page 243
Summary, Conclusions and Implications......Page 248
References......Page 250
Part IV: Financial and Other Applications......Page 230
Introduction......Page 252
Literature Review......Page 254
Distribution Function of Usage Rate......Page 256
Minimal-Repair Cost Function......Page 257
Expected Warranty Costs......Page 259
Results......Page 260
Discussion......Page 265
Conclusions......Page 267
References......Page 268
Introduction......Page 270
Cost Variance Analysis......Page 271
Differences between Probability Theory and Belief Functions......Page 272
Dempster’s Rule of Combination......Page 273
Applications of Belief Functions to Auditing......Page 274
Microprocessor Chip Production Process......Page 275
Belief Functions and Cost Variance Investigations......Page 276
References......Page 279
Chance-Constrained Programming with Skewed Distributions of Matrix Coefficients and Applications to Environmental Regulatory Activities......Page 282
Introduction......Page 283
Air Pollution Modeling......Page 284
Transfer Coefficients......Page 287
CCP Model with Empirical Distribution......Page 293
Conclusions......Page 298
References......Page 299
Optimal Advertising Pulsation Policy for a Continuous Model of Advertising Competition......Page 302
Introduction......Page 303
Mathematical Model......Page 304
Dynamic Programming Formulation......Page 307
A Numerical Illustration......Page 312
Summary and Conclusions......Page 320
References......Page 321
Derivation of Firm 1’s Sales Revenue for the Infinite Period Following the Planning Horizon......Page 322