InforPub Date : 2019-10-02DOI: 10.1080/03155986.2019.1624472
Yen-Deng Huang, H. Wee, Y. Praharsi, C. Lo
{"title":"An integrated vendor–buyer replenishment policy for deteriorating items with fuzzy environment and resource constraint","authors":"Yen-Deng Huang, H. Wee, Y. Praharsi, C. Lo","doi":"10.1080/03155986.2019.1624472","DOIUrl":"https://doi.org/10.1080/03155986.2019.1624472","url":null,"abstract":"Abstract Different from previous researches, our study considers a perishable item with collaborative vendor–buyer ordering policy and finite replenishment rate. Furthermore, due to the importance of inventory and capital investment in today’s fuzzy marketing environments, researches in fuzzy collaborative inventory models have become very popular research in recent decades. Therefore, in our integrated model with deteriorating inventory replenishment policy, we construct the crisp/fuzzy models with inventory investment constraints with fuzzy environments. Two different fuzzy decision-making methods are used to formulate the models. Convex fuzzy programming (CFP) method is used to maximize the weighted sum for each achievement level of the joint cost and constraints. An inverse weighted fuzzy non-linear programming (IWFNLP) is then proposed to satisfy the decision-maker’s desirable achievement level of service. A heuristic algorithm with mixed-integer hybrid differential evolution (MIHDE) is developed to solve the crisp/fuzzy models. Numerical examples and sensitivity analysis are developed to investigate the effectiveness of the proposed method in the fuzzy environment. From the numerical analysis, it can be seen that the IWFNLP method is a more efficient decision-making tool than the CFP method.","PeriodicalId":13645,"journal":{"name":"Infor","volume":"19 1","pages":"667 - 691"},"PeriodicalIF":1.3,"publicationDate":"2019-10-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80246859","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"计算机科学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
InforPub Date : 2019-10-02DOI: 10.1080/03155986.2019.1706869
S. Elhedhli
{"title":"CORS 60th anniversary special issue: celebrating recent Canadian contributions to operational research","authors":"S. Elhedhli","doi":"10.1080/03155986.2019.1706869","DOIUrl":"https://doi.org/10.1080/03155986.2019.1706869","url":null,"abstract":"Established in 1958, the Canadian Operational Research Society (CORS)/Soci ete canadienne de recherche op erationnelle (SCRO) celebrated its 60 anniversary in 2018. To mark this important milestone and to highlight progress in Canadian Operational Research work, recent winners of the prestigious CORS Award of Merit were invited to contribute papers to a special issue. The Award of Merit is presented to a current or past member of CORS who made significant contributions to the theory, practice, training, service and promotion of Operational Research. Three papers were finally accepted. The first is by 2017 Merit award winner John Chinneck from Carleton University. His paper, titled “The Maximum Feasible Subset Problem (maxFS) and Applications”, provides a survey of the maximum feasible subset problem and its rich applications and solution methodologies. The second is by 2015 Merit award winner Tamas Terlaky from Lehigh University. His paper, titled “Examples with Decreasing Largest Inscribed Ball for Deterministic Rescaling Algorithms”, is an indicative highlight of his lifelong theoretical contributions to continuous optimization. The third is by 2009 Merit award winner and 2002 CORS president Dave Martell from the University of Toronto. His paper, titled “The use of aircraft tracking GPS data to develop models of the use of airtankers in forest fire”, which develops queueing models for airtanker deployment is a testimony of the tremendous contributions he made to the development of Operational Research tools for forest fire management. We thank the contributors for answering the call and the anonymous referees for reviewing the work. The special issue is a reflection of the quality work done by CORS members and a celebration of CORS.","PeriodicalId":13645,"journal":{"name":"Infor","volume":"1 1","pages":"495 - 495"},"PeriodicalIF":1.3,"publicationDate":"2019-10-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80731123","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"计算机科学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
InforPub Date : 2019-07-03DOI: 10.1080/03155986.2017.1332919
Vanessa I. G. Pereira, F. Ferreira, Hsiao-Chen Chang
{"title":"A constructivist multiple criteria framework for mortgage risk analysis","authors":"Vanessa I. G. Pereira, F. Ferreira, Hsiao-Chen Chang","doi":"10.1080/03155986.2017.1332919","DOIUrl":"https://doi.org/10.1080/03155986.2017.1332919","url":null,"abstract":"ABSTRACT Mortgage lending strengthens countries’ economies, contributing to their development and economic growth. For this to occur, a financial commitment is required between credit institutions that transfer credit and the individuals who request it. This relationship is usually supported by risk analysis and assessment tools that seek to anticipate the success or failure of credit lending and thereby protect both parties. Given the growing demand for more realistic and informed credit risk assessment mechanisms, the present study sought to create a multiple criteria credit risk assessment system for mortgage loans using cognitive maps and the Measuring Attractiveness by a Categorical Based Evaluation Technique. Despite the idiosyncratic nature of this study, the results show that this methodological combination allows for a more transparent and realistic mortgage risk assessment. The advantages and limitations of the proposed approach are also discussed.","PeriodicalId":13645,"journal":{"name":"Infor","volume":"53 1","pages":"361 - 378"},"PeriodicalIF":1.3,"publicationDate":"2019-07-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82586018","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"计算机科学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
InforPub Date : 2019-07-03DOI: 10.1080/03155986.2017.1412123
S. Bensalem, Abderrazak Ellouze
{"title":"Profit-orientation and efficiency in microfinance industry: an application of stochastic frontier approach","authors":"S. Bensalem, Abderrazak Ellouze","doi":"10.1080/03155986.2017.1412123","DOIUrl":"https://doi.org/10.1080/03155986.2017.1412123","url":null,"abstract":"ABSTRACT The aim of this study is to ascertain the effect of the current wave of commercialization of microfinance institutions (MFIs) on their financial and social efficiency. We hypothesize that during the period of analysis, while the for-profit institutions achieve higher levels of financial efficiency, the non-profit MFIs achieve better social efficiency levels. In order to realize the underlined objective of this study, we use a sample of 162 MFIs gathered from Microfinance Information eXchange (MIX) market database, for the period 2007–2013 from 30 countries located in four regions Africa, MENA, Asia and Latin America. The analysis is based on a two-stage model. The first stage consists on classifying MFIs into two groups according to their main orientations (for-profit and non-profit). We design afterward two models to obtain both social and financial estimates for each particular type of MFIs, using the stochastic frontier analysis model. In the second stage, a regression analysis is carried out to determine which variables have an effect on financial and social efficiency.","PeriodicalId":13645,"journal":{"name":"Infor","volume":"11 1","pages":"411 - 429"},"PeriodicalIF":1.3,"publicationDate":"2019-07-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85493011","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"计算机科学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
InforPub Date : 2019-07-03DOI: 10.1080/03155986.2017.1282291
Francisco Salas-Molina, J. Rodríguez-Aguilar, D. Plà-Santamaria
{"title":"On the use of multiple criteria distance indexes to find robust cash management policies","authors":"Francisco Salas-Molina, J. Rodríguez-Aguilar, D. Plà-Santamaria","doi":"10.1080/03155986.2017.1282291","DOIUrl":"https://doi.org/10.1080/03155986.2017.1282291","url":null,"abstract":"ABSTRACT Cash management decision-making can be handled from a multiobjective perspective by optimizing not only cost but also risk. Nevertheless, choosing the best policies under a changing context is by no means straightforward. To this end, we rely on compromise programming to incorporate robustness as an additional goal to cost and risk within a multiobjective framework. As a result, we propose to calculate robustness as a multiple criteria distance index that is able to identify the best compromise policies in terms of cost and risk. Such policies are also robust to cash flow regime changes. We show its utility by transforming the Miller and Orr's cash management model into its robust counterpart using real data from an industrial company.","PeriodicalId":13645,"journal":{"name":"Infor","volume":"11 1","pages":"345 - 360"},"PeriodicalIF":1.3,"publicationDate":"2019-07-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81805303","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"计算机科学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
InforPub Date : 2019-06-10DOI: 10.1080/03155986.2019.1624489
Huaqing Wu, Jingyu Yang, Yao Chen, Liang Liang, Ya Chen
{"title":"DEA-based production planning considering production stability","authors":"Huaqing Wu, Jingyu Yang, Yao Chen, Liang Liang, Ya Chen","doi":"10.1080/03155986.2019.1624489","DOIUrl":"https://doi.org/10.1080/03155986.2019.1624489","url":null,"abstract":"Abstract This paper is concerned with how to stably arrange the total input resources and output productions when the total outputs can be forecasted in a centralized decision-making environment based on data envelopment analysis (DEA). It usually involves the participation of all individual decision-making units, each contributing in part to the total production. Two stability indexes are defined to assess the stability of production planning, i.e. scale stability, efficiency and technology stability. Then, we propose a DEA-based model to derive the next period production planning. Finally, we illustrate the proposed approach and compare the results between two existing studies and this paper by using three numerical examples. The results show that the proposed production planning in this paper is stabler than existing studies. It implies that the production planning in this paper would be more practicable for real production.","PeriodicalId":13645,"journal":{"name":"Infor","volume":"20 1","pages":"477 - 494"},"PeriodicalIF":1.3,"publicationDate":"2019-06-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84763094","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"计算机科学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
InforPub Date : 2019-06-04DOI: 10.1080/03155986.2019.1607715
J. Chinneck
{"title":"The maximum feasible subset problem (maxFS) and applications","authors":"J. Chinneck","doi":"10.1080/03155986.2019.1607715","DOIUrl":"https://doi.org/10.1080/03155986.2019.1607715","url":null,"abstract":"Abstract The maximum feasible subset problem (maxFS) is this: given an infeasible set of constraints, find a largest cardinality subset that admits a feasible solution. This problem is NP-hard but has been studied extensively for the case of linear constraints, and good heuristic solution algorithms are available. There is a surprisingly large range of applications for algorithms that solve the linear maxFS problem, including analyzing infeasible linear programs, finding the data depth, placing separating hyperplanes in classification decision trees, recovering sparse data in compressed sensing, dimension reduction in nonnegative matrix factorization, etc. This paper reviews maxFS solution algorithms, and surveys the existing and new applications.","PeriodicalId":13645,"journal":{"name":"Infor","volume":"11 1","pages":"496 - 516"},"PeriodicalIF":1.3,"publicationDate":"2019-06-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89377026","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"计算机科学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
InforPub Date : 2019-05-03DOI: 10.1080/03155986.2019.1607807
I. D. Wangsa, H. Wee
{"title":"A vendor-buyer inventory model for defective items with errors in inspection, stochastic lead time and freight cost","authors":"I. D. Wangsa, H. Wee","doi":"10.1080/03155986.2019.1607807","DOIUrl":"https://doi.org/10.1080/03155986.2019.1607807","url":null,"abstract":"Abstract This study develops a mathematical model for an integrated vendor-buyer inventory with defective items and inspection error. We assume an imperfect production process with a known of defective probability. The buyer conducts a 100% quality check. However, due to an imperfect inspection process, the quality-controller may reject a good item as a defective item (Type I error), or accept a defective item as a non-defective item (Type II error). Different from existing research, we incorporate freight cost (a function of shipping weight and the distance between the vendor and the buyer) and stochastic lead time (a function of production and transportation times). The objective of the study is to minimize the joint total expected cost. This study indicates that Type I error is more significant when it is compared with Type II error. We also illustrate how the joint total expected cost and the lead time are significantly influenced by the distance of the buyer and the vendor. The results of our analysis also show that lead time can be shortened if the vendors speed up their shipment with smaller production lot sizes. Numerical examples and sensitivity analysis are given to illustrate the results.","PeriodicalId":13645,"journal":{"name":"Infor","volume":"25 1","pages":"597 - 622"},"PeriodicalIF":1.3,"publicationDate":"2019-05-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"86638105","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"计算机科学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
InforPub Date : 2019-04-15DOI: 10.1080/03155986.2019.1575686
P. Miranda, R. Morabito, Deisemara Ferreira
{"title":"Mixed integer formulations for a coupled lot-scheduling and vehicle routing problem in furniture settings","authors":"P. Miranda, R. Morabito, Deisemara Ferreira","doi":"10.1080/03155986.2019.1575686","DOIUrl":"https://doi.org/10.1080/03155986.2019.1575686","url":null,"abstract":"Abstract We propose and analyze two mathematical programming models for a production, inventory, distribution and routing problem considering real and relevant features from the furniture industry, such as production sequence-dependent setup times, heterogeneous fleet of vehicles, routes extending over one or more periods of the production planning horizon, multiple time windows and customers’ deadlines, among others. These features are rarely jointly considered in the related literature, but commonly found in real-world applications. The models properly represent the problem in this industrial sector and can be used as a tool to support production and distribution planning in small companies. A large set of random and realistic instances is used to contrast the performance of the models in terms of both solution quality and computational effort. It is shown how much integrating production and distribution decisions in a single framework helps to reduce the total cost of the system, in comparison with a sequential approach that follows a common practice in this industry. This cost reduction comes at a higher computational effort, though.","PeriodicalId":13645,"journal":{"name":"Infor","volume":"340 1","pages":"563 - 596"},"PeriodicalIF":1.3,"publicationDate":"2019-04-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80751338","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"计算机科学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
InforPub Date : 2019-04-03DOI: 10.1080/03155986.2017.1393730
Linyan Zhang
{"title":"Dynamic network data envelopment analysis based upon technology changes","authors":"Linyan Zhang","doi":"10.1080/03155986.2017.1393730","DOIUrl":"https://doi.org/10.1080/03155986.2017.1393730","url":null,"abstract":"ABSTRACT The existing dynamic models assume the technology is unchanged in which the same factor should have the same multiplier, no matter which process it is associated with. The internal network structures embedded in a multi-period system are ignored in the literature. The current paper considers that the technology is changed in the dynamic system The same factor may have different multipliers in different periods, except for the variables of intermediate measures connecting two stages in one period and flows connecting two consecutive periods. An additive aggregation dynamic network data envelopment analysis is developed to measure the multi-period systems with a two-stage process embedded in each period. The system efficiency, overall efficiency and stage efficiencies of each period can be derived, and the relationship between the system efficiency and period efficiencies can be identified. The newly developed dynamic network model is nonlinear, and can be transformed to a semi-definite programming problem. A case of high-tech industry in China is illustrated to the approach.","PeriodicalId":13645,"journal":{"name":"Infor","volume":"6 1","pages":"242 - 259"},"PeriodicalIF":1.3,"publicationDate":"2019-04-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"72804175","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"计算机科学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}