Understanding the decision‐making in small‐scale beef cattle herd management through a mathematical programming model

2021 ◽  
Author(s):  
Robert Hlavatý ◽  
Igor Krejčí ◽  
Milan Houška ◽  
Pavel Moulis ◽  
Jan Rydval ◽  
...  
Keyword(s):  
Decision Making ◽  
Mathematical Programming ◽  
Beef Cattle ◽  
Programming Model ◽  
Cattle Herd ◽  
Small Scale ◽  
Mathematical Programming Model ◽  
Herd Management

scholarly journals A Model for IT/IS Project Portfolio Selection in the Presence of Uncertainty: Combination of Fuzzy Multi-Criteria Decision Making and Fuzzy Mathematical Programming

2012 ◽  
Vol 488-489 ◽  
pp. 411-416 ◽  
Author(s):  
Reihaneh Amel Sadeghi ◽  
Mehdi Seifbarghy
Keyword(s):  
Decision Making ◽  
Mathematical Programming ◽  
Portfolio Selection ◽  
Programming Model ◽  
Multi Criteria Decision Making ◽  
Project Portfolio ◽  
Fuzzy Mathematical Programming ◽  
Mathematical Programming Model ◽  
Multi Objective ◽  
Second Stage

IT/IS represents a substantial financial investment for many organizations. Making IT project portfolio decision is difficult, because long lead times of IT project and market and technology dynamics lead to unavailable and unreliable collected data for portfolio management. This uncertainty has been modeled using fuzzy concepts. We need a collective model that will help decision-makers evaluate potential new investment projects in an easy, cost-effective, and collective manner. Hence, we propose a new approach based on the fuzzy multi-criteria decision model (FMCDM) and a fuzzy binary multi-objective linear programming model, featuring a 2-stage evaluation and selection process with 19 criteria for IT/IS investment. At the first stage, evaluation, all stakeholders in a corporation can decide the relative weights they give to the criteria when they evaluate a new IT/IS project by using linguistic values. Experts can also use linguistic values to evaluate all candidates easily. Only an Excel worksheet is needed to obtain an evaluation result. The results of FMCDM of the aforementioned are treated as input of a fuzzy binary mathematical programming model as coefficients of objective functions, which is the second stage of the proposed model. In the second stage, selection, we have developed a fuzzy binary mathematical programming model in order to find an optimum combination of investment portfolio considering a multi-objective measurement function in three ways: to maximize the benefit, to maximize the confidence level and to minimize the cost of projects in a complete ambiguous condition, when their initial investment costs, profits, confidence levels, resource requirements and total available budgets are assumed to be uncertain. We solve it in Lingo 10.0 through a Branch and Bound algorithm. In this paper, for the first time we have developed a model for IT/IS project portfolio selection in presence of uncertainty that is combination of fuzzy multi-criteria decision making and fuzzy mathematical programming with 19 criteria that is compatible with the nature of IT projects. We conduct a case study to show how this model can be used and discuss the results.

scholarly journals A Mathematical Programming Model to Determine Objective Weights for the Interval Extension of TOPSIS

2018 ◽  
Vol 2018 ◽  
pp. 1-6 ◽  
Author(s):  
Hai Shen ◽  
Lingyu Hu ◽  
Kin Keung Lai
Keyword(s):  
Mathematical Programming ◽  
Input Data ◽  
Programming Model ◽  
Multiple Criteria Decision Making ◽  
Decision Makers ◽  
Mathematical Programming Model ◽  
Topsis Method ◽  
Data Set ◽  
Interval Extension ◽  
Interval Valued

Technique for Order Performance by Similarity to Ideal Solution (TOPSIS) method has been extended in previous literature to consider the situation with interval input data. However, the weights associated with criteria are still subjectively assigned by decision makers. This paper develops a mathematical programming model to determine objective weights for the implementation of interval extension of TOPSIS. Our method not only takes into account the optimization of interval-valued Multiple Criteria Decision Making (MCDM) problems, but also determines the weights only based upon the data set itself. An illustrative example is performed to compare our results with that of existing literature.

CREDIBILITY-BASED FUZZY MATHEMATICAL PROGRAMMING MODEL FOR PORTFOLIO SELECTION UNDER UNCERTAINTY

2014 ◽  
Vol 13 (01) ◽  
pp. 101-135 ◽  
Author(s):  
MUKESH KUMAR MEHLAWAT ◽  
PANKAJ GUPTA
Keyword(s):  
Mathematical Programming ◽  
Portfolio Selection ◽  
Programming Model ◽  
Fuzzy Optimization ◽  
Chance Constrained Programming ◽  
Fuzzy Mathematical Programming ◽  
Mathematical Programming Model ◽  
Two Phase ◽  
Solution Approach ◽  
Practical Applications

In this paper, we develop a hybrid bi-objective credibility-based fuzzy mathematical programming model for portfolio selection under fuzzy environment. To deal with imprecise parameters, we use a hybrid credibility-based approach that combines the expected value and chance constrained programming techniques. The model simultaneously maximizes the portfolio return and minimizes the portfolio risk. We also consider an additional important criterion, namely, portfolio liquidity as a constraint in the model to make it better suited for practical applications. The proposed fuzzy optimization model is solved using a two-phase approach. An empirical study is included to demonstrate applicability of the proposed model and the solution approach in real-world applications of portfolio selection.

scholarly journals Mathematical programming models for agri-environmental policy analysis: A case study from the White Carpathians

2012 ◽  
Vol 52 (No. 2) ◽  
pp. 51-66 ◽  
Author(s):  
P. Havlík ◽  
F. Jacquet ◽  
Boisson J-M ◽  
S. Hejduk ◽  
P. Veselý
Keyword(s):  
Mathematical Programming ◽  
Programming Model ◽  
Mathematical Programming Model ◽  
The Czech Republic ◽  
Environmental Goods ◽  
Environmental Good ◽  
Environmental Policy Analysis ◽  
Grassland Biodiversity ◽  
White Carpathians

BEGRAB_PRO.1 – a mathematical programming model for BEef and GRAssland Biodiversity PRoduction Optimisation – elaborated for analysis of organic suckler cow farms in the Protected Landscape Area White Carpathians, the Czech Republic, is presented and applied to the analysis of jointness between several environmental goods. In this way, the paper complements recent studies on jointness between commodities and non-commodities. If these goods are joint in production, agri-environmental payments must be carefully designed because they do not influence only production of the environmental good they are intended for but also the production of other environmental goods. If jointness is negative, any increase in the payment for an environmental good leads to a decrease in production of other environmental goods.

A mathematical programming model of a crop-livestock farm system

1986 ◽  
Vol 20 (4) ◽  
pp. 243-268 ◽  
Author(s):  
David A. Morrison ◽  
Ross S. Kingwell ◽  
David J. Pannell ◽  
Michael A. Ewing
Keyword(s):  
Mathematical Programming ◽  
Programming Model ◽  
Mathematical Programming Model ◽  
Livestock Farm ◽  
Farm System
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