Decision making has always been a difficult process, based on various combinations if objectivity (when scientific tools were used) and subjectivity (considering that decisions are finally made by people, with their strengths and weaknesses). The IT revolution has also reached the areas of management and decision making, helping managers make better and more informed decisions by providing them...

The present study investigates the impact of various factors affecting coal-fired power plant economics of 210 MW subcritical unit situated in north India for electricity generation. In this paper, the cost data of various units of thermal power plant in terms of power output capacity have been fitted using power law with the help of the data collected from a literature search. To have a realis...

While a great portion of the scheduling literature focuses on time-based criteria, the most important goal of management is maximizing the profitability of the firm. In this paper, the net preset value criterion is studied taking account of linear time-dependent cash flows in single machine and flow shop scheduling problems. First, a heuristic method is presented for the single machine scheduli...

in recent years, sexed semen has been commercially available. due to its lower fertility and higher price compared to conventional semen, economic evaluation should be undertaken before recommending the technology to dairy producers in each country. the objectives of the present study were to evaluate the advantages and disadvantages of the sexed semen usage at farm level in economic conditions...

decisions relating to most irrigation-planning problems need to be made in the face of hydrologic uncertainties, which make the irrigation-planning problem more complex. the uncertainties can be tackled by formulating the problem as fuzzy linear programming (flp). in the present study, single objective fuzzy linear programming (soflp) irrigation planning model was formulated for deriving the op...

the price of water in agriculture plays an important role in the water allocation management. therefore, the optimum strategies of cropping pattern could be designed when water price analysis are considered in a predetermined economic framework. in the present study, a programming model was developed using the genetic algorithm for optimal water allocation in the eastern north of khuzestan prov...