The Use of Optimization Business Process Method Based on Multi-Phase Optimization Models in Milk-Processing Industry

Bostjan Petak, Martin Pavlovic and Crtomir Rozman

No 183838, 2010 Conference: Modern management challenges in the agro-food sector, March 18-19, Pivola, Slovenia from Slovenian Association of Agricultural Economists (DAES)

Abstract: An approach towards a use of multiphase optimization models for a decision making in milk processing industry is demonstrated. A model formation bases on analysis of a production and marketing process of cheese and milk products. The next phase in modeling is a construction of a graphical model structure based on Petry's net principle and preparation of all necessary input data for the computer handling (LOMP). A final phase in modeling is interpretation of computer calculated results (economic analysis) suitable for business decision-making. First test results validate the application of the model for further research.

Keywords: Marketing; Production Economics (search for similar items in EconPapers)
Pages: 13
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:ags:slco10:183838

DOI: 10.22004/ag.econ.183838

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