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

G. Dutta*, N. Gupta, R. Fourer

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

8 Scopus citations

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.

Original languageEnglish (US)
Pages (from-to)616-626
Number of pages11
JournalJournal of the Operational Research Society
Volume62
Issue number4
DOIs
StatePublished - Apr 2011

Keywords

  • decision support systems
  • optimization
  • practice of OR
  • production

ASJC Scopus subject areas

  • Management Information Systems
  • Strategy and Management
  • Management Science and Operations Research
  • Marketing

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