Robust scheduling of parallel machines with sequence-dependent set-up costs

Article Abstract:

A robust approach is studied to solve the scheduling problem of parallel machines with sequence-dependent set-up costs, typically found to arise in textile and fiberglass industries. A fuzzy mathematical model is formulated by considering the uncertainty regarding processing times and the proposed approach requires solving a nonlinear mixed integer programming model. A solution technique has been proposed, consisting in formulating a reduced MIP model where the piecewise linear functions are approximated in turn and the computational results prove the efficiency and effectiveness of the approach.

Production management, TEXTILE MILL PRODUCTS, Plastics Materials and Synthetics, Scheduling (Management), Textile industry, Synthetic fibers industry, Textile and clothing industry software, Synthetic fibres industry

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Value at risk methodology under soft conditions approach (fuzzy-stochastic approach)

Article Abstract:

A financial model for calculating uncertainty and risk is presented. The model uses fuzzy methodology and can be used in banking industry for decision-making.

Commercial Banks, Czech Republic, Management dynamics, Venture Analysis, Banking industry, Management, Risk assessment, Company business management

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