| Article ID: | iaor19961348 |
| Country: | Belgium |
| Volume: | 34 |
| Start Page Number: | 61 |
| End Page Number: | 71 |
| Publication Date: | Aug 1994 |
| Journal: | Belgian Journal of Operations Research, Statistics and Computer Science |
| Authors: | Mesko Tjasa, Mesko Ivan |
| Keywords: | programming: fractional, programming: integer, programming: parametric |
The linear mixed integer model for optimization of a business process is described. The business process includes purchasing, multiphase production, selling and transportation. If investment decisions are included, the objective function is a fraction. The construction of the model is illustrated on a simplified example from metallurgy where the production process includes blending. Finally, a transportation problem is included.