Data envelopment analysis
Data envelopment analysis (DEA) is a nonparametric method in operations research and economics for the estimation of production frontiers.
Weber problem
In geometry, the Weber problem, named after Alfred Weber, is one of the most famous problems in location theory. It requires finding a point in the plane that minimizes the sum of the transportation c
Enterprise Dynamics
Enterprise Dynamics is a discrete event simulation software platform developed by . It is used to design and implement simulation solutions. The Enterprise Dynamics (ED) platform has several market-sp
Reverse logistics network modelling
Reverse logistics is for all operations related to the reuse of products and materials. It is "the process of moving goods from their typical final destination for the purpose of capturing value, or p
Process optimization
Process optimization is the discipline of adjusting a process so as to optimize (make the best or most effective use of) some specified set of parameters without violating some constraint. The most co
Berth allocation problem
The berth allocation problem (also known as the berth scheduling problem) is a NP-complete problem in operations research, regarding the allocation of berth space for vessels in container terminals. V
Applications of sensitivity analysis to business
Sensitivity analysis can be usefully applied to business problem, allowing the identification of those variables which may influence a business decision, such as e.g. an investment. In a decision prob
Intertemporal budget constraint
In economics and finance, an intertemporal budget constraint is a constraint faced by a decision maker who is making choices for both the present and the future. The term intertemporal is used to desc
Facility location problem
The study of facility location problems (FLP), also known as location analysis, is a branch of operations research and computational geometry concerned with the optimal placement of facilities to mini
Glove problem
In operations research, the glove problem (also known as the condom problem) is an optimization problem used as an example that the cheapest capital cost often leads to dramatic increase in operationa
Operations research
Operations research (British English: operational research), often shortened to the initialism OR, is a discipline that deals with the development and application of analytical methods to improve deci
Systematic process
A systematic process is often closely associated with critical thinking. In general the application of a systematic process is regarded as a means of management aimed at reducing the number and severi
Transportation theory (mathematics)
In mathematics and economics, transportation theory or transport theory is a name given to the study of optimal transportation and allocation of resources. The problem was formalized by the French mat
Demand optimization
Demand optimization is the application of processes and tools to maximize return on sales. This usually involves the application of mathematical modeling techniques using computer software. It has par
Transshipment problem
Transshipment problems form a subgroup of transportation problems, where transshipment is allowed. In transshipment, transportation may or must go through intermediate nodes, possibly changing modes o
Leverage-point modeling
Leverage-point modeling (LPM) is a demonstrated approach for improved planning and spending for operations and support (O&S) activities. LPM is a continuous-event simulation technique that uses the sy
Secretary problem
The secretary problem demonstrates a scenario involving optimal stopping theory that is studied extensively in the fields of applied probability, statistics, and decision theory. It is also known as t
ModelOps
ModelOps (model operations), as defined by Gartner, "is focused primarily on the governance and life cycle management of a wide range of operationalized artificial intelligence (AI) and decision model
Silver–Meal heuristic
The Silver–Meal heuristic is a production planning method in manufacturing, composed in 1973 by Edward A. Silver and H.C. Meal. Its purpose is to determine production quantities to meet the requiremen
Genetic algorithm scheduling
The genetic algorithm is an operational research method that may be used to solve scheduling problems in production planning.