Multidisciplinary Optimization in Services Management

George Moldoveanu and Octavian Thor Pleter
Additional contact information
George Moldoveanu: Academy of Economic Studies, Bucharest
Octavian Thor Pleter: Universitatea Politehnica, Bucuresti

Theoretical and Applied Economics, 2007, vol. 5(510), issue 5(510), 7-15

Abstract: Optimization methods may be applied to the services operations management. A comprehensive objective function (a cost-function to be minimized) leads to a multidisciplinary optimization, considering all aspects of a services business unit. However, this introduces a very large number of variables (examples with tens of thousands of variables are presented), making classical optimization methods inadequate. The paper introduces the use of genetic algorithms and illustrates it in two examples: air transport and leisure services. Multidisciplinary optimizations may play a crucial role in the success of any services business, and genetic algorithms are the most adequate computation resource in this type of optimizations.

Keywords: multidisciplinary optimization; services operating management; genetic algorithms; total costs and risks. (search for similar items in EconPapers)
Date: 2007
References: Add references at CitEc
Citations:

Downloads: (external link)
http://store.ectap.ro/articole/214.pdf (application/pdf)
http://www.ectap.ro/articol.php?id=214&rid=25 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:agr:journl:v:5(510):y:2007:i:5(510):p:7-15

Access Statistics for this article

Theoretical and Applied Economics is currently edited by Mircea Dinu

More articles in Theoretical and Applied Economics from Asociatia Generala a Economistilor din Romania / Editura Economica Contact information at EDIRC.
Bibliographic data for series maintained by Mircea Dinu ().