Bücher der Reihe International Series in Operations Research & Management Science

This book includes a spectrum of concepts, such as performance, productivity, operations research, econometrics, and data science, for the practically and theoretically important areas of ¿productivity analysis/data envelopment analysis¿ and ¿data science/big datä. Data science is defined as the collection of scientific methods, processes, and systems dedicated to extracting knowledge or insights from data and it develops on concepts from various domains, containing mathematics and statistical methods, operations research, machine learning, computer programming, pattern recognition, and data visualisation, among others.Examples of data science techniques include linear and logistic regressions, decision trees, Naïve Bayesian classifier, principal component analysis, neural networks, predictive modelling, deep learning, text analysis, survival analysis, and so on, all of which allow using the data to make more intelligent decisions. On the other hand, it is without a doubtthat nowadays the amount of data is exponentially increasing, and analysing large data sets has become a key basis of competition and innovation, underpinning new waves of productivity growth. This book aims to bring a fresh look onto the various ways that data science techniques could unleash value and drive productivity from these mountains of data.Researchers working in productivity analysis/data envelopment analysis will benefit from learning about the tools available in data science/big data that can be used in their current research analyses and endeavours. The data scientists, on the other hand, will also get benefit from learning about the plethora of applications available in productivity analysis/data envelopment analysis.

and on specific experiences with SEJ protocols with the intention of presenting the challenges and insights collected during these journeys. Finally, the fourth (and largest) part begins with some reflections from Willy Aspinall on his many experiences in applying the Classical Model in several application domains;

This handbook includes three parts, corresponding to the following three domains of OR/MS research related to sustainability: (i) Systems Design, Innovation, and Technology, (ii) Manufacturing, Logistics, and Transportation, and (iii) Sustainable Natural Resource Management.

This book presents healthcare logistics solutions that have been successfully implemented at a variety of healthcare facilities.

Management of supply chains has been evolving rapidly over the last few years due to the inception of Industry 4.0, where businesses adopt automation technologies and data exchanges leading to dynamic and interconnected supply chain systems. Emphasizing on analytical approaches such as predictive and prescriptive modeling, this book presents state-of-the-art original research work dealing with advanced analytical models for the design, planning, and operation of the supply chain to provide faster and smarter decisions in the era of digitization.In particular, the book integrates machine learning and operations research models for faster and smarter decisions, presents prescriptive analytics models for strategic, tactical, and operational decision making in the supply chain, and addresses recent challenges such as sustainability in the supply chain, supply chain visibility, and supply chain digitalization. Key concepts are illustrated using real-life case studies, making the book a valuable reference for researchers, technical professionals, and students.

This book explains the theoretical structure of particle swarm optimization (PSO) and focuses on the application of PSO to portfolio optimization problems. The general goal of portfolio optimization is to find a solution that provides the highest expected return at each level of portfolio risk. According to H. Markowitz¿s portfolio selection theory, as new assets are added to an investment portfolio, the total risk of the portfoliös decreases depending on the correlations of asset returns, while the expected return on the portfolio represents the weighted average of the expected returns for each asset.The book explains PSO in detail and demonstrates how to implement Markowitz¿s portfolio optimization approach using PSO. In addition, it expands on the Markowitz model and seeks to improve the solution-finding process with the aid of various algorithms. In short, the book provides researchers, teachers, engineers, managers and practitioners with many tools they need to apply the PSO technique to portfolio optimization.

This book provides relevant theoretical frameworks and the latest empirical research findings of Operations Research/Management Science applied to Internet of Things. This book identifies and describes ways in which OR and MS have been applied and influenced the development of IoT. Examples are from smart industry; city; transportation; home and smart devices. It discusses future applications, trends, and potential benefits of this new discipline.It is written for professionals who want to improve their understanding of the strategic role of IoT at various levels of the organization, that is, IoT at the global economy level, at networks and organizations level, at teams and work groups, at information systems and, finally, IoT at the level of individuals, as players in the networked environments.

This handbook covers various areas of Higher Education (HE) in which operations research/management science (OR/MS) techniques are used. Key examples include: international comparisons, university rankings, and rating academic efficiency with Data Envelopment Analysis (DEA); academic information systems;

Drawing on a case study from the oil and gas sector, it offers a methodology and practical solutions to help maintenance practitioners select and formulate an asset maintenance strategy, and to establish best maintenance practices at an organizational level using the frameworks developed here.

This book discusses machine learning and artificial intelligence (AI) for agricultural economics. It is written with a view towards bringing the benefits of advanced analytics and prognostics capabilities to small scale farmers worldwide. This volume provides data science and software engineering teams with the skills and tools to fully utilize economic models to develop the software capabilities necessary for creating lifesaving applications.The book introduces essential agricultural economic concepts from the perspective of full-scale software development with the emphasis on creating niche blue ocean products. Chapters detail several agricultural economic and AI reference architectures with a focus on data integration, algorithm development, regression, prognostics model development and mathematical optimization.Upgrading traditional AI software development paradigms to function in dynamic agricultural and economic markets, this volume will be of great use to researchers and students in agricultural economics, data science, engineering, and machine learning as well as engineers and industry professionals in the public and private sectors.

This book explores the novel uses and potentials of Data Envelopment Analysis (DEA) under big data. Considering the vast literature on DEA, one could say that DEA has been and continues to be, a widely used technique both in performance and productivity measurement, having covered a plethora of challenges and debates within the modelling framework.

This book introduces readers to the key provisions of the URRAN-based technical asset management system - a methodology for managing resources and risks by analyzing and ensuring the required levels of reliability and safety in Russia's railway transport facilities.

The book is addressed to researchers, graduate students, and practitioners in Operations Research, Operations Management, computer science and mathematics, who are developing and using mathematical approaches to applications in manufacturing, services and distributed wireless network scheduling.

This book aims to provide relevant theoretical frameworks and the latest empirical research findings in Internet of Things (IoT) in Management Science and Operations Research. It starts with basic concept and present cases, applications, theory, and potential future. The contributed chapters to the book cover wide array of topics as space permits. Examples are from smart industry; city; transportation; home and smart devices. They present future applications, trends, and potential future of this new discipline. Specifically, this book provides an interface between the main disciplines of engineering/technology and the organizational, administrative, and planning capabilities of managing IoT. This book deals with the implementation of latest IoT research findings in practice at the global economy level, at networks and organizations, at teams and work groups and, finally, IoT at the level of players in the networked environments.This book is intended for professionals in the field of engineering, information science, mathematics, economics, and researchers who wish to develop new skills in IoT, or who employ the IoT discipline as part of their work. It will improve their understanding of the strategic role of IoT at various levels of the information and knowledge organization. The book is complemented by a second volume of the same editors with practical cases.

This new edition covers the central concepts of practical optimization techniques, with an emphasis on methods that are both state-of-the-art and popular. One major insight is the connection between the purely analytical character of an optimization problem and the behavior of algorithms used to solve a problem. This was a major theme of the first edition of this book and the fourth edition expands and further illustrates this relationship. As in the earlier editions, the material in this fourth edition is organized into three separate parts. Part I is a self-contained introduction to linear programming. The presentation in this part is fairly conventional, covering the main elements of the underlying theory of linear programming, many of the most effective numerical algorithms, and many of its important special applications. Part II, which is independent of Part I, covers the theory of unconstrained optimization, including both derivations of the appropriate optimality conditions and an introduction to basic algorithms. This part of the book explores the general properties of algorithms and defines various notions of convergence. Part III extends the concepts developed in the second part to constrained optimization problems. Except for a few isolated sections, this part is also independent of Part I. It is possible to go directly into Parts II and III omitting Part I, and, in fact, the book has been used in this way in many universities.New to this edition is a chapter devoted to Conic Linear Programming, a powerful generalization of Linear Programming. Indeed, many conic structures are possible and useful in a variety of applications. It must be recognized, however, that conic linear programming is an advanced topic, requiring special study. Another important topic is an accelerated steepest descent method that exhibits superior convergence properties, and for this reason, has become quite popular. The proof of the convergence property for both standard and accelerated steepest descent methods are presented in Chapter 8. As in previous editions, end-of-chapter exercises appear for all chapters.From the reviews of the Third Edition:"e;... this very well-written book is a classic textbook in Optimization. It should be present in the bookcase of each student, researcher, and specialist from the host of disciplines from which practical optimization applications are drawn."e; (Jean-Jacques Strodiot, Zentralblatt MATH, Vol. 1207, 2011)

This book explains the theoretical structure of particle swarm optimization (PSO) and focuses on the application of PSO to portfolio optimization problems. The general goal of portfolio optimization is to find a solution that provides the highest expected return at each level of portfolio risk. According to H. Markowitz¿s portfolio selection theory, as new assets are added to an investment portfolio, the total risk of the portfoliös decreases depending on the correlations of asset returns, while the expected return on the portfolio represents the weighted average of the expected returns for each asset.The book explains PSO in detail and demonstrates how to implement Markowitz¿s portfolio optimization approach using PSO. In addition, it expands on the Markowitz model and seeks to improve the solution-finding process with the aid of various algorithms. In short, the book provides researchers, teachers, engineers, managers and practitioners with many tools they need to apply the PSO technique to portfolio optimization.

Making Health Security Decisions: Challenges and Complexities.- Making Reasoned Health Security Decisions: Key Concepts and Main Benefits.- Framing Health Security Decisions.- Specifying Relevant Objectives and Consequences in Health Security Decisions.- Assessing Impacts of Threats and Health Security Actions.- Defining Risk Limits, Trade-Offs, and Marginal Value in Health Security Decisions.- Developing Decision Alternatives for Enhanced Health Security.- Evaluating Health Threats and Health Security Actions with Multiple Consequences.- Evaluating Health Threats and Health Security Actions under Uncertainty.- Selecting the Best Options for Enhanced Health Security.- Deciding and Implementing Health Security Actions and Promoting Systematic Learning.

This book deals with stochastic combinatorial optimization problems in supply chain disruption management, with a particular focus on management of disrupted flows in customer-driven supply chains.

It helps to structure models, to easily model complex constraints, to have a basic modeling guide for any multi-criteria system and to better understand models already existing in the literature.The book is structured in the same order as components of the methodology, established in a multi-criteria optimization problem.