Finding dual flexible contingency plans for optimal generalized linear systems

Finding dual flexible contingency plans for optimal generalized linear systems

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Article ID: iaor20001109
Country: United Kingdom
Volume: 5
Issue: 4
Start Page Number: 303
End Page Number: 315
Publication Date: Jul 1998
Journal: International Transactions in Operational Research
Authors:
Abstract:

Designing optimal linear systems has extended the traditional optimization method (i.e. finding an optimal point for a given system) to finding an optimal solution structure. This structure consists of optimal systems and their optimal contingency plans which can cope with various decision situations under uncertainty. Multi-criteria and multi-constraint-levels (MC2) simplex method is a primary tool used in designing optimal systems. In this paper, a new approach to designing optimal systems is proposed to find dual flexible contingency plans (DFCP) for generalized good systems (GGS). GGS goes beyond the assumption of selecting opportunities for a potentially good system, while DFCP utilizes all possible slack resources and converts non-optimal solutions into optimal ones. This approach enriches the theoretical framework of designing optimal systems. A numerical example is used to illustrate the proposed approach.

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