Article ID: | iaor2009322 |
Country: | Netherlands |
Volume: | 179 |
Issue: | 2 |
Start Page Number: | 390 |
End Page Number: | 403 |
Publication Date: | Jun 2007 |
Journal: | European Journal of Operational Research |
Authors: | Wang K.-J., Wang S.-M., Yang S.-J. |
Keywords: | production, heuristics: genetic algorithms, investment |
Profitable but risky semiconductor testing market has led companies in the industry to carefully seek to maximize their profits by developing a proper resource portfolio plan for simultaneously deploying resources and selecting the most profitable orders. Various important factors, such as resource investment alternatives, trade-offs between the price and speed of equipment and capital time value, further increase the complexity of the simultaneous resource portfolio problem. This study develops a simultaneous resource portfolio decision model as a non-linear integer programming, and proposes a genetic algorithm to solve it efficiently. The proposed method is employed in the context of semiconductor testing industry to support decisions regarding equipment investment alternatives (including new equipment procurement, rent and transfer by outsourcing, and phasing outing) for simultaneous resources (such as testers and handlers) and task allocation.