Using mathematics to solve some problems in industry

Using mathematics to solve some problems in industry

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Article ID: iaor20061299
Country: United States
Volume: 5
Issue: 2
Publication Date: Jan 2004
Journal: INFORMS Transactions on Education
Authors:
Keywords: education in OR, philosophy
Abstract:

This paper describes how some industrial problems can be solved using relatively simple mathematical models. Models can be used also to provide insight into how industrial system components interact. This paper is useful for master's level students in that it describes what a model is as well as the modeling function. Master's students in engineering and MBAs and PhD students who are interested in solving real industry problems should find this overview of models useful. Different types of industrial problems are discussed. Finally, some models that address industrial problems, such as inventory models, linear programming, network flow, decision analysis, queueing models, and simulation are examined. Future industrial modeling situations are described.

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