A goal programming model for facility location planning

The aim of this paper is to apply Goal Programming in facility location. The feasibility project of a project idea on building an economic object is a defining moment in the decision making of the party that is investing on a certain project. Generally, the feasibility is done based on the global data extracted by the practical experience of building and functioning of similar existing object. However, it is understandable that the accuracy of the feasibility results is increased when different points of view are used in combination with exact methods of calculation. In this aspect, it is important to predict the income from the use of the object’s capacities. This leads to an intermediary problem which consists in predicting the most result oriented use of the object’s capacities. If the use of these capacities can be mathematically modeled through optimization models, then the basis of the data for evaluating the feasibility of the object becomes clearer. In this study was considered the possibility of using a mathematical model for the basin used by a yacht harbor. As a result, it is shown that the optimal use of a basin by a yacht harbor can be modeled as an objective function problem, which according to previously known methods can turn into a mathematical programming problem.

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A Goal Programming Model for Capital Budgeting Decisions

Artha Vijnana Journal of The Gokhale Institute of Politics and Economics ◽

10.21648/arthavij/1981/v23/i3-4/116609 ◽

1981 ◽

Vol 23 (3-4) ◽

pp. 299

Author(s):

Jaidev Agarwal ◽

L. S. Porwal ◽

Kanti Swarup

Keyword(s):

Goal Programming ◽

Programming Model ◽

Capital Budgeting ◽

Goal Programming Model

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A Multicriteria Goal Programming Model for Ranking Universities

Mathematics ◽

10.3390/math9050459 ◽

2021 ◽

Vol 9 (5) ◽

pp. 459

Author(s):

Fernando García ◽

Francisco Guijarro ◽

Javier Oliver

Keyword(s):

Goal Programming ◽

Programming Model ◽

Decision Makers ◽

University Rankings ◽

Central Tendency ◽

Performance Variables ◽

World University Rankings ◽

Goal Programming Model ◽

Objective Quantification

This paper proposes the use of a goal programming model for the objective ranking of universities. This methodology has been successfully used in other areas to analyze the performance of firms by focusing on two opposite approaches: (a) one favouring those performance variables that are aligned with the central tendency of the majority of the variables used in the measurement of the performance, and (b) an alternative one that favours those different, singular, or independent performance variables. Our results are compared with the ranking proposed by two popular World University Rankings, and some insightful differences are outlined. We show how some top-performing universities occupy the best positions regardless of the approach followed by the goal programming model, hence confirming their leadership. In addition, our proposal allows for an objective quantification of the importance of each variable in the performance of universities, which could be of great interest to decision-makers.

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