Multi-objective optimization techniques have made inroad into various aspects of managerial decision making process such as investment, environmental analysis of major projects, etc. The field of operations management, in particular production management, has been somewhat behind in utilizing such techniques. In this paper, we consider a production line that produces several predetermined batc...

The rapid increase in the world population along with rising trend of global economic growth triggers serious problems related to energy consumption. In this regard, a comprehensive analysis current and potential situation light demographic trends, main indicators, technical conditions, social environmental concerns has become significant issue for developing well-planned regional strategies. s...

Purpose – To: evaluate Prospect Theory and Cumulative Prospect Theory as functional models of decision making and risk within various contexts; compare and analyze risk models and decision-making models; evaluate models of stock risk developed by Robert Engle and related models; establish whether the models are related and have the same foundations; relate risk, decision making and options theo...

Currently, the research of emergency supplies distribution and decision models mostly focus on deterministic models and exact algorithm. A few of studies have been done on the multi-level distribution network and matheuristic algorithm. In this paper, random processes theory is adopted to establish emergency supplies distribution and decision model for multi-level network. By analyzing the char...

The study of the effective factors for forest fire prevention policy can help to reduce long term extensive environmental damage. In other words, management is result a complex interaction many criteria. present aims analyze most criteria Arasbaran forest, Iran, based on Technique Order Performance by Similarity Ideal Solution (TOPSIS) and Simple Additive Weighting (SAW) methods. five top optim...