Robustness-based multi-objective optimization for repetitive projects under work continuity uncertainty

2020 ◽  
Vol 27 (10) ◽  
pp. 3095-3113
Author(s):  
Lihui Zhang ◽  
Guyu Dai ◽  
Xin Zou ◽  
Jianxun Qi

PurposeInterrupting work continuity provides a way to improve some project performance, but unexpected and harmful interruptions may impede the implementation. This paper aims to mitigate the negative impact caused by work continuity uncertainty based on the notion of robustness.Design/methodology/approachThis paper develops a float-based robustness measurement method for the work continuity uncertainty in repetitive projects. A multi-objective optimization model is formulated to generate a schedule that achieves a balance between crew numbers and robustness. This model is solved using two modules: optimization module and decision-making module. The Monte Carlo simulation is designed to validate the effectiveness of the generated schedule.FindingsThe results confirmed that it is necessary to consider the robustness as an essential factor when scheduling a repetitive project with uncertainty. Project managers may develop a schedule that is subject to delays if they only make decisions according to the results of the deadline satisfaction problem. The Monte Carlo simulation validated that an appropriate way to measure robustness is conducive to generating a schedule that can avoid unnecessary delay, compared to the schedule generated by the traditional model.Originality/valueAvailable studies assume that the work continuity is constant, but it cannot always be maintained when affected by uncertainty. This paper regards the work continuity as a new type of uncertainty factor and investigates how to mitigate its negative effects. The proposed float-based robustness measurement can measure the ability of a schedule to absorb unpredictable and harmful interruptions, and the proposed multi-objective scheduling model provides a way to incorporate the uncertainty into a schedule.

2012 ◽  
Vol 452-453 ◽  
pp. 548-552 ◽  
Author(s):  
Hui Jie Li ◽  
Ling Yu Yang ◽  
Gong Zhang Shen

The CAT III longitudinal automatic landing control laws based on multi-objective optimization is discussed. Firstly summarized the CAT III airworthiness criteria and transformed into the specifications of control system. The configuration of the longitudinal automatic landing controllers is proposed secondly and multi-objective optimization is used to tradeoff free parameters of the controllers. The Monte Carlo simulation results show the designed control laws fulfill the CAT III requirements, when there are uncertainties of structure, measurement error and disturbances.


2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Abroon Qazi ◽  
Mecit Can Emre Simsekler

PurposeThis paper aims to develop a process for prioritizing project risks that integrates the decision-maker's risk attitude, uncertainty about risks both in terms of the associated probability and impact ratings, and correlations across risk assessments.Design/methodology/approachThis paper adopts a Monte Carlo Simulation-based approach to capture the uncertainty associated with project risks. Risks are prioritized based on their relative expected utility values. The proposed process is operationalized through a real application in the construction industry.FindingsThe proposed process helped in identifying low-probability, high-impact risks that were overlooked in the conventional risk matrix-based prioritization scheme. While considering the expected risk exposure of individual risks, none of the risks were located in the high-risk exposure zone; however, the proposed Monte Carlo Simulation-based approach revealed risks with a high probability of occurrence in the high-risk exposure zone. Using the expected utility-based approach alone in prioritizing risks may lead to ignoring few critical risks, which can only be captured through a rigorous simulation-based approach.Originality/valueMonte Carlo Simulation has been used to aggregate the risk matrix-based data and disaggregate and map the resulting risk profiles with underlying distributions. The proposed process supported risk prioritization based on the decision-maker's risk attitude and identified low-probability, high-impact risks and high-probability, high-impact risks.


2021 ◽  
Vol 11 (3) ◽  
pp. 1-18
Author(s):  
Raj V. Amonkar ◽  
Tuhin Sengupta ◽  
Debasis Patnaik

Learning outcomes The learning outcomes of this paper are as follows: to understand the context of seaport logistics and supply chain design structure, to apply Monte Carlo simulation in the interface of the supply chain and to analyze the Monte Carlo simulation algorithm and statistical techniques for identifying the key seaport logistics factors. Case overview/synopsis It was 9:00 p.m. on November 10, 2020, and Nishadh Amonkar, the CEO of OCTO supply chain management (SCM) was glued to the television watching the final cricket match of the Indian Premier League, 2020. Amonkar’s mobile phone rang and it was a call from Vinod Nair, a member Logistics Panel of Ranji Industries Federation. Nair informed Amonkar that it was related to the rejection of several export consignments of agricultural products from Ranji (in the western part of India). The rejection was due to the deterioration in the quality of the exported agricultural products during transit from Ranji to various locations in Europe. Complexity academic level This course is suitable at the MBA level for the following courses: Operations research (Focus/Session: Applications on Monte Carlo Simulation). SCM (Focus/Session: Global SCM, Logistics Planning, Distribution Network). Logistics management (Focus/Session: Transportation Planning). Business statistics (Focus/Session: Application of Hypothesis Testing). Supplementary materials Teaching Notes are available for educators only. Subject code CSS 9: Operations and logistics.


2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Mohammad Mahdi Ershadi ◽  
Hossein Shams Shemirani

PurposeProper planning for the response phase of humanitarian relief can significantly prevent many financial and human losses. To this aim, a multi-objective optimization model is proposed in this paper that considers different types of injured people, different vehicles with determining capacities and multi-period logistic planning. This model can be updated based on new information about resources and newly identified injured people.Design/methodology/approachThe main objective function of the proposed model in this paper is minimizing the unsatisfied prioritized injured people in the network. Besides, the total transportation activities of different types of vehicles are considered as another objective function. Therefore, these objectives are optimized hierarchically in the proposed model using the Lexicographic method. This method finds the best value for the first objective function. Then, it tries to optimize transportation activities as the second objective function while maintaining the optimality of the first objective function.FindingsThe performances of the proposed model were analyzed in different cases and its robust approach for different problems was shown within the framework of a case study. Besides, the sensitivity analysis of results shows the logical behavior of the proposed model against various factors.Practical implicationsThe proposed methodology can be applied to find the best response plan for all crises.Originality/valueIn this paper, we have tried to use a multi-objective optimization model to guide and correct response programs to deal with the occurred crisis. This is important because it can help emergency managers to improve their plans.


2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Jianzhong Cui ◽  
Hu Li ◽  
Dong Zhang ◽  
Yawen Xu ◽  
Fangwei Xie

Purpose The purpose of this study is to investigate the flexible dynamic characteristics about hydro-viscous drive providing meaningful insights into the credible speed-regulating behavior during the soft-start. Design/methodology/approach A comprehensive dynamic transmission model is proposed to investigate the effects of key parameters on the dynamic characteristics. To achieve a trade-off between the transmission efficiency and time proportion of hydrodynamic and mixed lubrication, a multi-objective optimization of friction pair system by genetic algorithm is presented to obtain the optimal combination of design parameters. Findings Decreasing the engagement pressure or the ratio of inner and outer radius, increasing the lubricating oil viscosity or the outer radius will result in the increase of time proportion of hydrodynamic and mixed lubrication, as well as the transmission efficiency and its maximum value. After optimization, main dynamic parameters including the oil film thickness, angular velocity of the driven disk, viscous torque and total torque show remarkable flexible transmission characteristics. Originality/value Both the dynamic transmission model and multi-objective optimization model are established to analyze the effects of main design parameters on the dynamic characteristics of hydro-viscous flexible drive.


2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Evans Opoku-Mensah ◽  
Yuming Yin ◽  
Love Offeibea Asiedu-Ayeh ◽  
Dennis Asante ◽  
Priscilla Tuffour ◽  
...  

PurposeExisting studies have found that most merger and acquisition (M&A) activities do not create the intended synergy. These studies have mainly investigated how firms' internal factors contribute to M&A successes or failures. The current study differs from the earlier ones by exploring how governments' activities can contribute to the creation of acquisition synergy.Design/methodology/approachA novel technique based on multi-objective optimization by ratio analysis and complex proportional assessment method under an interval-valued intuitionistic fuzzy (IVIF) environment is proposed to prioritize these government roles needed during the M&A process focusing on the Chinese M&A market.FindingsEnactments of regulations and loan guarantees are the most important strategies to help Chinese acquirers overcome acquisition failures. While tax relief ranks third, government training support ranks fourth. Finally, the result shows that government institutional support is the least to help acquirers overcome acquisition failures.Practical implicationsThe government has a role to play in the acquisition success. Although this study has prioritized governments' role in relative importance order, the authors recommend that governments capable of providing all these strategies should do so without any specific order. However, if otherwise, governments should not neglect the strategies with less weight completely but rather consider reducing capital allocations to such strategies. Moreover, this study shows how firms with stronger business ties with government officials may enjoy success during acquisition activities. The authors recommend that firms intending to make acquisitions develop stronger ties with governments in order to benefits from governments.Originality/valueThis is the first study to develop a theoretical framework showing how government can contribute to M&A success. The study achieves this by extending Keynesian's arguments and identifies five (5) ways in which governments can ensure acquisition success. Second, within fuzzy multi-criteria decision-making (F-MCDM) research, this study is the first to show the applicability of integrated multi-objective optimization by ratio analysis (MULTIMOORA) and complex proportional assessment (COPRAS) techniques in an IVIF environment. The novel methodology proposed in this study offers an insightful research method to future studies focusing on group decision problems.


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