An Optimization-Based Decision Support System for Strategic Planning in a Process Industry: The Case of an Aluminum Company in India

Dutta, Goutam; Gupta, Narain; Fourer, Robert

An Optimization-Based Decision Support System for Strategic Planning in a Process Industry: The Case of an Aluminum Company in India

Goutam Dutta, Narain Gupta and Robert Fourer

No WP2008-12-06, IIMA Working Papers from Indian Institute of Management Ahmedabad, Research and Publication Department

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 aluminum company in India demonstrate significant potential for improvement in profits.

Date: 2008-12-06
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