Optimizing the value chain

Optimizing the value chain

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Article ID: iaor19932096
Country: United States
Volume: 23
Issue: 2
Start Page Number: 102
End Page Number: 117
Publication Date: Mar 1993
Journal: Interfaces
Authors: , ,
Keywords: decision: applications
Abstract:

The current emphasis on optimizing the value chain, or integrated planning, advocated by business strategists and logistics practitioners indicates that the time is ripe for large increases in the number and scope of mathematical programming applications. Recent breakthroughs in information technology make it possible to develop advanced decision support systems based on mathematical programming models for integrated planning that operate on desk-top computers. The authors developed an advanced DSS operating on a personal computer that was used to evaluate strategic production and distribution planning questions in a large consumer products company.

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