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Operations Research - An Analytic Tool for a Researcher.ppt

29 Jul 2022
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Operations Research - An Analytic Tool for a Researcher.ppt

  1. 29 July 2022 1 Operations Research – Analytic Tool for a Researcher (29-07-2020) Dr. L.P. Raj Kumar Department of Mathematics Kakatiya University – Warangal – TS, INDIA
  2. 29 July 2022 2  Introduction to Operations Research  Problems which can be analyzed by Operations Research  Important Tools used in Operations Analysis  Opportunities for doing Operations Research  Applications of Operations Research  Few examples on Stochastic Processes  8 Traits for 21st Century Teachers  Why Personality Development  7 Ways to use Technology for Purposes  5 Best Practices for a Good Researcher Contents
  3. Introduction In its recent years of organized development, Operations Research has solved successfully many cases of research for military, the government and industry. With the explosion of population and consequent shortage of food, every country is facing the problem of optimum allocation of land for various crops in accordance with climatic conditions and available facilities. The problem of optimal distribution of water from a resource like a canal for irrigation purposes is faced by developing country. Hence a good amount of scientific work can be done in this direction.
  4. Introduction In the field of Industrial Engineering, there is a claim of problems, starting from the procurement of material to the dispatch of finished products. Management is always interested in optimizing profits. The O.R. approach is equally useful for the economists, administrators, planners, irrigation or agricultural experts and statisticians etc. Operation research approach helps in operation management. Operation management can be defined as the management of systems for providing goods or services, and is concerned with the design and operation of systems for the manufacture, transport, supply or service.
  5. Introduction Thus the operation management is concerned with the optimum utilization of resources i.e. effective utilization of resources with minimum loss, under utilization or waste. In other words, it is concerned with the satisfactory customer service and optimum resource utilization. Inputs for an operating system may be material, machine and human resource.
  6. Problems which can be analyzed by Operations Research 1. Finance, Budgeting and Investment: i. Cash flow analysis, long range capital requirement, investment portfolios, dividend policies, ii. Claim procedure, and iii. Credit policies. 2. Marketing: i. Product selection, competitive actions, ii. Number of salesmen, frequencies of calling on, and iii. Advertising strategies with respect to cost and time.
  7. Problems which can be analyzed by Operations Research 3. Purchasing: i. Buying policies, varying prices, ii. Determination of quantities and timing of purchases, iii. Bidding policies, iv. Replacement policies, and v. Exploitation of new material resources. 4. Production Management: i. Physical distribution: Location and size of warehouses, distribution centers and retail outlets, distribution policies. ii. Facilities Planning: Number and location of factories, warehouses etc. Loading and unloading facilities.
  8. iii. Manufacturing: Production scheduling and sequencing stabilization of production, employment, layoffs, and optimum product mix. iv. Maintenance policies, crew size. v. Project scheduling and allocation of resources. 5. Personnel Management: i. Mixes of age and skills, ii. Recruiting policies, and iii. Job assignments. 6. Research and Development: i. Areas of concentration for R&D. ii. Reliability and alternate decisions. iii. Determination of time-cost trade off and control of development projects.
  9. Important Tools used in Operations Analysis 1. Mathematical programming (a) Linear programming (b) Nonlinear programming (c) Dynamic programming 2. Game theory 3. Probabilistic models (a) Queuing (b) Inventory control (c) Monte Carlo method 4. Transportation models (special cases of linear programming)
  10. Important Tools used in Operations Analysis 5. Simulation techniques 6. Time-network analysis (a) PERT (b) CPM 7. Sequential analysis 8. Other methods (a) Input-output analysis (b) Capital budgeting (c) Forecasting
  11. Opportunities for doing Operations Research With the current job market trend- the scope of OR is extremely huge. People with OR degrees working in finance, data analytics, industry optimization, supply chain management, business analytics, FinTech and consulting services are seen. Basically, any kind of decision making requires usage of operations research tools. Decision making in today’s world requires quantification and mathematical modeling. OR techniques help you do exactly that. 1. Financial Engineering - stock prediction, time series analysis, stochastic finance, trading strategies, algorithmic trading, risk management, corporate finance and investment analysis. You need models to determine stock anomalies, you use mathematical modeling and programming to make your computational power loaded laptop to do that for you.
  12. Opportunities for doing Operations Research 2. Data Analytics and Business — Business development strategies, data innovation, financial data, data wrangling, data mining and so on. You have a large amount of data on customer satisfaction and you want to use that data to form improved strategies to reduce customer churn rate. You use modeling techniques that determine important factors and use predictive analytics to come with information that helps us develop strategies. 3. Consulting - Management consulting, strategy and operations. A company hires a team of consultant to help them with a new project on oil drilling and solar panel installations. You use analytics and research on optimization of the supply chain side of the business maybe. Or on the operations end of the business. 4. Operations Research Analysts: Operations research analysts use advanced mathematical and analytical methods to help solve complex issues.
  13. Opportunities for doing Operations Research 2. Data Analytics and Business — Business development strategies, data innovation, financial data, data wrangling, data mining and so on. You have a large amount of data on customer satisfaction and you want to use that data to form improved strategies to reduce customer churn rate. You use modeling techniques that determine important factors and use predictive analytics to come with information that helps us develop strategies. 3. Consulting - Management consulting, strategy and operations. A company hires a team of consultant to help them with a new project on oil drilling and solar panel installations. You use analytics and research on optimization of the supply chain side of the business maybe. Or on the operations end of the business. 4. Operations Research Analysts: Operations research analysts use advanced mathematical and analytical methods to help solve complex issues.
  14. Assignment Problems • Timetabling Problem. Timetabling is described as an assignment of events to a limited number of timeslots and rooms subject to prescribed constraints. In reality, allocation of resources at a specified time is indeed necessary. • Examination Timetabling Problem. The examination timetabling problem (ETP) is defined as an assignment of a set of examinations to a set of timeslots while simultaneously satisfying several problem constraints. • Course timetabling Problems. The Course timetabling Problems refers to the process of assigning courses, rooms, students, and lecturers to a fixed time period, typically a working week, while satisfying a given set of constraints. • School Timetabling Problem. The school timetabling problem (STP) is about generating school timetable that usually follows a cycle every week for all classes, in which the objective is to avoid teachers from attending two classes at the same time. • Student-Project Allocation Problem. The student project allocation problem (SPAP) is related to assigning a person to a particular project or cases based on preference or interest of student and lecturer. • New Student Allocation Problem. The new student allocation problem (NSAP) is a clustering problem in allocating new students to their corresponding class with minimum intelligence gap by sorting method: a group of new students with similar ranking and assigned into the same class.
  15. In Biology In biotechnology and medicine, biology most tasks lie in the wide fields of prediction and process optimization. Biologists like to concentrate on the modeling and forecasting of genetic processes, and on the optimization of cell metabolism with regard to maximizing production efficiency.
  16. In Pharmacy The pharmaceutical industry is one with activities being under taken on a massive scale, involving expertise of several other fields and sectors. When their products, which mainly include chemical drugs, are discovered, developed, made and marketed, it involves the use of operation research in several ways to make the processes more efficient. Operation research is mainly used to make this industry more profitable, as well as to make their activities easier and faster. Applications of operation research to the pharmaceutical industry, not limited to supply chain management, inventory management, financial management and project management, to extent are such methods adopted, and can be applied to a small pharmaceutical company or large pharmaceutical company that currently outsources most of its operations.
  17. In Oil, Gas and Fuel applications These problems present a number of specific features such as vehicles with capacitated compartments and sometimes the presence of flow meters to control the delivered quantity. The latter feature implies that sometimes the content of the same compartment can be used to satisfy the demands of several customers, whereas when there is no flow meter, the compartment must be completely emptied in a single customer tank. Cleaning operations may be needed between the loading of different products using the same compartment. These problems are generally solved over long-term planning horizons and incorporate mixed inventory and routing decisions.
  18. In Retail Applications Retail involves the sales of goods and the provision of services to end-users. In this section we list applications dealing with a number of final products, and in various sectors such as supermarkets and consultancy services. These applications generally involve time windows and loading constraints. In Waste Collection and Management Waste collection is essential to the proper functioning of any collectivity. A variant of the problem deals with hazardous waste management in which collection, transportation, treatment and disposal of hazardous materials are involved. These problems are characterized by loading and un- loading constraints, time windows, and inter-arrival time constraints at customer points.
  19. In Mail and Small Package Delivery This section reviews applications ranging from mail delivery to the delivery of Internet orders, touching many variants of the classical VRP such as those involving time windows and pickups and deliveries. In Food distribution Food distribution has its own characteristics, constraints and challenges such as product quality, health and safety. The products often have a limited shelf-life, so that distribution operations must take into account temperature, humidity and time-in-transit considerations, as well as many other product-related constraints. These focuses on the challenges of food safety, quality and sustainability. These must include strategic network design, tactical net- work planning and operational transportation planning.
  20. Few examples on Stochastic Processes 1. A Brand – Switching Model for Consumer Behavior Suppose there are three brands on sale, a, B, and C. The customer either buy the same brand for a few months or either change their brands every now and then. There is also a strong possibility that when a superior brand is introduced some of the old brands will be left with only few customers. To gage consumer behavior a sample survey of the stores is necessary ( it would be more useful, if such a survey is conducted before and after the introduction of a new brand). In such a survey, conducted over a period of time, suppose the estimates obtained for the consumer brand-switching behavior are as follows : Out of those who brought brand A in one month, during the next month 60% buy A again, 30% switch to B, and 10% switch to brand C. For brand B and C, these figures are, B to A 50%, B to B 30%, B to C 20%, and C to A 40% to B 40%, C to C 20%.
  21. A Brand – Switching Model for Consumer Behavior If we are interested in the number of people who buy a certain brand of coffee, then that number could be represented as a stochastic process. The behavior of the consumer can also be considered as a stochastic process which could enter three different states A, B, or C. Some of the questions that arise are : What is the expected number of moths that a customer stays with one brand?. What are the mean and variance of the number using a particular brand after a certain number of months?. Which is the product preferred most by the customers on the long run? etc. As per the survey, the distribution is as follows, A B C A 60 30 10 B 50 30 20 C 40 20 20
  22. A Brand – Switching Model for Consumer Behavior Similar type of problems may be 1. Mobile Networking(Customers always try to change their network from one brand to another. Airtel, Jio, Vodaphone etc.) 2. Wheat/ Rice Brand (Consumers always try to change their Rice/Wheat brand from one brand to another. Masoori, Vijaya Masoori, Soya Masoori etc.) 3. Milk Product(Consumers always try to change their Mild Products from one product to another A B C A 60 30 10 B 50 30 20 C 40 20 20
  23. 2. A Queueing Problem • A bus taking students back and forth between the hostel complex and the college arrives at the college several times during the day. The bus has the capacity to seat K persons. If there are K or less waiting persons when the bus arrives, it departs with available number. If there are more than K waiting, the driver allows the first K to board and the remaining persons must wait for the next bus. The university administrators would like to know at each time period during the day, how many students are left behind when a bus departs. • The number waiting at the bus stop is a stochastic process dependent on the arrival process( say with some probability distribution),. Some desirable characteristics of the system are reduction in the number waiting at any time, minimizing the time a student has to wait for a ride, minimizing the operational cost etc.
  24. 2. A Queueing Problem Similar type of problems may be 1. Traffic Signals(Vehicles waiting during the busy period). 2. Hostel Mess(Student waiting for lunch/dinner at a limited room) 3. Multispecialty Hospitals(Patients waiting for treatment)
  25. 3. Population Growth Problems It is more realistic to consider the growth of a population is stochastic rather than deterministic. The external factors that influence the growth of animals, such as weather conditions, disease, availability of food, etc., are too varied and uncertain for deterministic models. When these factors are identified and accounted for the population size at any time can be considered as a stochastic process. In problems of this nature, we would not only be interested in the behavior of the process, but also in using such information in the control of the growth or decline of the population. ( A lack of such action could result in the species becoming extinct.
  26. 3. Population Growth Problems Similar type of problems may be 1. Increase in Corona effected patients.(Patients admitted into hospitals due to Corona). 2. Sheep/Cattle growth at a village.(Growth of cattle) 3. Poultry Farm (Growth of Hens)
  27. 4. Recovery, Replace, and Death Due to a Disease The process of recovery, replace and death is the case of some major disease such as cancer is governed by several random causes, and therefore stochastic process models have been found useful in the study of hospital data related to such cases. For instance, three different state of patients can be identified: i) the initial state of being under treatment. ii) the state of recovery and the state of being lost after recovery
  28. 4. Recovery, Replace, and Death Due to a Disease Similar type of problems may be 1. Corona effected patients admitted into hospitals. 2. Sheep/Cattle at a village.
  29. 5. A Time - Sharing Computer System Jobs of varied length come to a computing center from various sources. The number of jobs arriving, as well as their length can be said to follow certain disr=tributions. Under these conditions the number of jobs waiting at any time and the time a job has to spend in the system can be represented by stochastic. Under a strictly “First Come First Serve” policy, there is a good chance of a long job delaying a much more important shorter job over a long period time. For the efficient operation of the system, in addition minimizing the number of jobs waiting and total delay, it is necessary to adopt a different service policy. A round-robin policy in which the service is performed on a single job only for a certain length of time, say 3 or 5 sec, and those jobs which need more service are put back in the queue, is one of the common practices adopted under these conditions.
  30. 5. A Time - Sharing Computer System Similar type of problems may be 1. People waiting at the DTP Center for service. 2. Customers waiting at a Xerox Center for service. 3. People waiting at Internet Center for service.
  31. Why Personality Development Soft Skills vs Hard skills ? Importance of Skills in 21st century Lifelong learner For an Academician Knowledge Up gradation Vision & Plan Positive Attitude. Learn from Young Generation Submit and Surrenderance to Knowledge
  32. 5 Best Practices for a Good Researcher • Practice Writing : Simple, clear and direct. • Practice Creating your own Documents: Use any word processor. • Practice Showing : Don’t tell your reader, instead show what you have done. • Practice Edit, edit, edit: Once you finish a piece of writing, let it be revised/edited to make it better. • Practice to understand a classic work : Practicing to understand what makes a great writing/work is one of the best ways to grow your own skills.
  33. 29 July 2022 You are the Designer of Yourself Teachers and Others are only Tools
  34. 29 July 2022 42 Best Wishes & May God Bless You Dr. L.P. Raj Kumar Department of Mathematics Kakatiya University – Warangal – TS, INDIA Email : lp_raj8@yahoo.com Mobile : 98491 33398
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