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Quantitative approach to project portfolio management: proposal for Slovak companies

100%
Kral P., Valjaskova V., Janoskova K.
Oeconomia Copernicana
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2019
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vol. 10
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issue 4
797-814
EN
Research background: Project portfolio optimization isa  demanding process in the case of considering a large number of project intentions and has so far been the subject of research by many authors, especially foreign authors. However, the issue of project portfolio optimization is an area that is not sufficiently addressed by Slovak authors. This was the main impulse to create a specific mathematical model of integer programming with bivalent variables to optimize the company's project portfolio with the intention to reflect the specific requirements of Slovak companies. Purpose of the article: The aim of the article is to propose a mathematical model of integer programming with bivalent variables to optimize the project portfolio with a focus on Slovak companies. Methods: In accordance with the aim of the article, a questionnaire survey was carried out with the intention of identifying the criteria that are perceived by the managers of Slovak companies as important in the optimization of the project portfolio. These criteria were subsequently reflected in the mathematical model design using the mathematical programming method. Findings & Value added: Based on a literature review aimed at the project portfolio optimization, we have found a gap in considering the compliance of project intentions and strategic objectives of the company within the optimization of the project portfolio. Based on the results of the questionnaire survey, the significance of the mutual compliance of project intentions with the strategic objectives of the company was confirmed from the point of view of Slovak companies. Given the fact that our aim was to create an innovative integer programming model with bivalent variables orientated to the conditions of Slovak companies, we included in the resulting model the criteria that were not considered within the scope of existing research in this area, and which are perceived as important by the Slovak companies.
2
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Optimising the management of arriving baggage at a Kuwait Airways passenger terminal using mathematical programming and simulation

88%
ABDULLAH A. A., AL-SULTAN A. T., ALSABER A.
Operations Research and Decisions
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2024
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vol. 34
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issue 1
1-16
EN
Handling luggage systems is a critical component of a passenger terminal’s operations. The proposed study attempts to find the optimal solution for a manually operated terminal concerning the luggage offloading process from arrival flights carried by a limited number of ground handling agents. Handling agents start the offloading process from the aircraft to the cargo luggage containers carried by a cargo car that will take the containers’ trolleys to the cargo area to offload them into the reserved luggage belt carousel. This study aims to improve airport service quality by minimizing the baggage handling process time for arrival flights which leads to minimizing passenger waiting time in the baggage claim area. We proposed both a deterministic and stochastic approach. The integer programming method is provided to minimize the total number of flights assigned to the belt carousel under the realistic constraint of minimizing the luggage load on each belt carousel. Simulation tools were used so that the offloading process could be modeled to study the effects of various parameters such as the number of ground handling agents for different flights with different amounts of luggage.
3
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An integrated modelling approach for an optimal location of warehouses in the defence industry organisation

88%
GELIBOLU BAYRAKCI M., BAYKOÇ Ö. F.
Operations Research and Decisions
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2023
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vol. 33
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issue 2
35-52
EN
Countries’ defence industries are the leading indicator of their global power. The warehouse is the place where the materials are kept until the customer order arrives so that the companies are viable and can respond appropriately to internal/external customer demands. In this regard, warehouse location plays a vital role in the defence industry in terms of storage options with increased flexibility, a simplified supply chain with cost management and optimal positioning according to deployment locations. In this study, the decision on the location of warehouses for logistic support during the warranty period of military vehicles manufactured and supplied to the armed forces by a defence company was made. It is aimed to propose the best solution to a real-life problem with high complexity, containing many data and constraints. In this context, the criteria that are thought to be most relevant to this problem have been determined by taking expert opinions. Having determined the order of importance of the requirements by the analytical hierarchy process (AHP) with the Super Decisions V 2.10, their weights were included as a coefficient of the objective function in the goal programming (GP) model. As a result of solving the GP model using GAMS (general algebraic modelling system), it was decided to select the warehouses that provided the optimal results among the alternative warehouse locations in 9 different locations. Furthermore, to see the impact of changes in criterion weights, sensitivity analysis has also been included. The significance of this research lies within the integrated usage of AHP and GP in the defence industry when determining warehouse locations by the experts’ opinions. With this study, not only a solution strategy was developed, but also a basis for the warehouse location decision in the defence industry projects already signed or to be signed was given.
4
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An integrated modelling approach for an optimal location of warehouses in the defence industry organisation

88%
Bayrakcı M. G., Baykoç Ö. F.
Operations Research and Decisions
|
2023
|
vol. 33
|
issue 2
EN
Countries’ defence industries are the leading indicator of their global power. The warehouse is the place where the materials are kept until the customer order arrives so that the companies are viable and can respond appropriately to internal/external customer demands. In this regard, warehouse location plays a vital role in the defence industry in terms of storage options with increased flexibility, a simplified supply chain with cost management and optimal positioning according to deployment locations. In this study, the decision on the location of warehouses for logistic support during the warranty period of military vehicles manufactured and supplied to the armed forces by a defence company was made. It is aimed to propose the best solution to a real-life problem with high complexity, containing many data and constraints. In this context, the criteria that are thought to be most relevant to this problem have been determined by taking expert opinions. Having determined the order of importance of the requirements by the analytical hierarchy process (AHP) with the Super Decisions V 2.10, their weights were included as a coefficient of the objective function in the goal programming (GP) model. As a result of solving the GP model using GAMS (general algebraic modelling system), it was decided to select the warehouses that provided the optimal results among the alternative warehouse locations in 9 different locations. Furthermore, to see the impact of changes in criterion weights, sensitivity analysis has also been included. The significance of this research lies within the integrated usage of AHP and GP in the defence industry when determining warehouse locations by the experts’ opinions. With this study, not only a solution strategy was developed, but also a basis for the warehouse location decision in the defence industry projects already signed or to be signed was given.
5
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Flexible measure in the presence of the partial input to output impacts process

75%
SHAKOURI R., SALAHI M., KORDROSTAMI S., WU J.
Operations Research and Decisions
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2019
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vol. 29
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issue 3
77-98
EN
Precise recognition of the nonparametric measurement approach in the production process and proper application of accurate techniques to categorise the variables play a key role in the process of improving performance of decision-making units (DMUs). The classical data envelopment analysis (DEA) models require that the status of all inputs and outputs measures be precisely specified in advance. However, there are situations where a performance measure can play input role for some DMUs and output role for the others. This paper introduces an approach to determine the situation of such flexibility where in the presence of resource sharing among subunits, the partial input will impact output in DEA. As a result, DMUs have a fair evaluation when compared to each other. Likewise, the maximum improvement is obtained in aggregate efficiency due to partial input to output impacts. The proposed approach is applied to a set of real data collected from 30 branches of an Iranian bank.
6
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Metody zarządzania zasobami na przykładzie służby zdrowia

45%
UZIAŁKO J., RADOSIŃSKI E.
Operations Research and Decisions
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2009
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vol. 19
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issue 1
121-142
PL
W artykule przedstawiono i zanalizowano problem zarządzania zasobami w służbie zdrowia. Omówiono podstawowe zagadnienia w procesie alokacji zasobów medycznych. Zaprezentowano przykłady zastosowania wybranych metod: programowania matematycznego (liniowego, całkowitoliczbowego, celowego, sieciowego), teorii kolejek, modelowania symulacyjnego, systemów hybrydowych oraz standardowych metod kosztowo-efektywnościowych do analizy zagadnień, związanych z podziałem zasobów w systemach opieki zdrowotnej. Przedyskutowano użyteczność tych metod do rozwiązywania szczegółowych problemów dotyczących zarządzania zasobami medycznymi.
EN
Various issues referring to general problems of resource allocation in the area of healthcare were discussed in the article. Fundamental questions regarding the process of allocating healthcare resources were pointed out. The topics were presented according to the categories of methods used to potentially solve these problems. The following approaches were considered: chosen methods of mathematical programming, queuing theory, simulation, hybrid algorithms combining, among others, artificial intelligence and other techniques, as well as standard cost-effectiveness methods. Such methods were applied to the following problems: analyzing the current state of health care units and presenting proposals of changes to such systems. The modifications suggested referred to: allocation of material resources, planning the work schedules of medical personnel and patient admission. The question of determining the effectiveness of various medical strategies was also discussed. The article clearly underlined the importance and complexity of the problem of managing healthcare resources.
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