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

Goutam Dutta*, Robert Fourer, Akhilesh Majumdar, Debabrata Dutta

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

12 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. Built on five fundamental elements - materials, facilities, activities, storage areas and time periods - this DSS requires little direct knowledge of optimization techniques to be used effectively. It is user friendly and requires little knowledge of optimization. Results based on real data from a pharmaceuticals company in India demonstrate significant potential for improvements in revenues and profits.

Original languageEnglish (US)
Pages (from-to)92-103
Number of pages12
JournalInternational Journal of Production Economics
Volume106
Issue number1
DOIs
StatePublished - Mar 2007

Keywords

  • Decision support systems
  • Manufacturing
  • Optimization
  • Pharmaceuticals
  • Process industries

ASJC Scopus subject areas

  • Business, Management and Accounting(all)
  • Economics and Econometrics
  • Management Science and Operations Research
  • Industrial and Manufacturing Engineering

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