An optimization-based decision support system for strategic planning in a process industry: the case of aluminium company in India

G Dutta (), N Gupta and R Fourer
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G Dutta: Indian Institute of Management
R Fourer: Northwestern University

Journal of the Operational Research Society, 2011, vol. 62, issue 4, 616-626

Abstract: Abstract We describe how a generic multi-period optimization-based decision support system (DSS) can be used for strategic planning in process industries. The DSS is built on five fundamental elements—materials, facilities, activities, storage areas, and time periods. It requires little direct knowledge of optimization techniques to be used effectively. Results based on real data from an aluminium company in India demonstrate significant potential for improvement in profits. We conclude with a comparison of similar studies in two other process industries.

Keywords: practice of OR; decision support systems; optimization; production (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (4)

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DOI: 10.1057/jors.2010.8

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