Optimization And Decision Making Methods

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Advanced Optimization and Decision-Making Techniques in Textile Manufacturing

Optimization and decision making are integral parts of any manufacturing process and management system. The objective of this book is to demonstrate the confluence of theory and applications of various types of multi-criteria decision making and optimization techniques with reference to textile manufacturing and management. Divided into twelve chapters, it discusses various multi-criteria decision-making methods such as AHP, TOPSIS, ELECTRE, and optimization techniques like linear programming, fuzzy linear programming, quadratic programming, in textile domain. Multi-objective optimization problems have been dealt with two approaches, namely desirability function and evolutionary algorithm. Key Features Exclusive title covering textiles and soft computing fields including optimization and decision making Discusses concepts of traditional and non-traditional optimization methods with textile examples Explores pertinent single-objective and multi-objective optimizations Provides MATLAB coding in the Appendix to solve various types of multi-criteria decision making and optimization problems Includes examples and case studies related to textile engineering and management
Optimization and Decision-Making Methods

Author: Mr. Rohit Manglik
language: en
Publisher: EduGorilla Publication
Release Date: 2023-06-23
Explores optimization techniques and decision-making models for solving complex engineering and management problems efficiently.
Introduction to Optimization-Based Decision-Making

The large and complex challenges the world is facing, the growing prevalence of huge data sets, and the new and developing ways for addressing them (artificial intelligence, data science, machine learning, etc.), means it is increasingly vital that academics and professionals from across disciplines have a basic understanding of the mathematical underpinnings of effective, optimized decision-making. Without it, decision makers risk being overtaken by those who better understand the models and methods, that can best inform strategic and tactical decisions. Introduction to Optimization-Based Decision-Making provides an elementary and self-contained introduction to the basic concepts involved in making decisions in an optimization-based environment. The mathematical level of the text is directed to the post-secondary reader, or university students in the initial years. The prerequisites are therefore minimal, and necessary mathematical tools are provided as needed. This lean approach is complemented with a problem-based orientation and a methodology of generalization/reduction. In this way, the book can be useful for students from STEM fields, economics and enterprise sciences, social sciences and humanities, as well as for the general reader interested in multi/trans-disciplinary approaches. Features Collects and discusses the ideas underpinning decision-making through optimization tools in a simple and straightforward manner Suitable for an undergraduate course in optimization-based decision-making, or as a supplementary resource for courses in operations research and management science Self-contained coverage of traditional and more modern optimization models, while not requiring a previous background in decision theory