Article ID: | iaor20042725 |
Country: | United Kingdom |
Volume: | 10 |
Issue: | 2 |
Start Page Number: | 155 |
End Page Number: | 167 |
Publication Date: | Mar 2003 |
Journal: | International Transactions in Operational Research |
Authors: | Hearn P., Walmsley N.S. |
Keywords: | programming: linear |
Operational analysis (OA) techniques are used extensively by the Ministry of Defence (MoD) to inform their decision-making process. One particular type of OA study frequently undertaken is a balance-of-investment (BoI) study. This paper focuses on recent BoI study whose aim was to identify the optimum (i.e. most cost effective) mix of vehicles that should be procured to fill a large number of identified requirements/roles. There will be a description of the methodology employed, highlighting the formulation and application of mixed integer linear programming (MILP) techniques, alongside a brief discussion of the implication of the results and other issues associated with the complexity of the problem.