This paper focuses on the exploitation of the response surface methodology (RSM) to determine optimum cutting conditions leading to minimum surface roughness and cutting force components. The technique of RSM helps to create an efficient statistical model for studying the evolution of surface roughness and cutting forces according to cutting parameters: cutting speed, feed rate and depth of cut. For this purpose, turning tests of hardened steel alloy (AISI 4140) (56 HRC) were carried out using PVD – coated ceramic insert under different cutting conditions. The equations of surface roughness and cutting forces were achieved by using the experimental data and the technique of the analysis of variance (ANOVA). The obtained results are presented in terms of mean values and confidence levels. It is shown that feed rate and depth of cut are the most influential factors on surface roughness and cutting forces, respectively. In addition, it is underlined that the surface roughness is mainly related to the cutting speed, whereas depth of cut has the greatest effect on the evolution of cutting forces. The optimal machining parameters obtained in this study represent reductions about 6.88%, 3.65%, 19.05% in cutting force components (Fa, Fr, Ft), respectively. The latters are compared with the results of initial cutting parameters for machining AISI 4140 steel in the hard turning process.

This paper formulates robust optimization models for the problem of finding near-optimal locations for new intermodal terminals and their capacities for a railroad company, which operates an intermodal network in a competitive environment with uncertain demands. To solve the robust models, a Simulated Annealing (SA) algorithm is developed. Experimental results indicate that the SA solutions (i.e. objective function values) were comparable to those obtained using GAMS, but the SA algorithm could obtain solutions faster and could solve much larger problems. In addition, the results verify that solutions obtained from the robust models were more effective in dealing with uncertain demand scenarios.

The generalized exponential distribution could be a good option to analyse lifetime data, as an alternative for the use of standard existing lifetime distributions as exponential, Weibull or gamma distributions. Assuming different non-informative prior distributions for the parameters of the model, we introduce a Bayesian analysis using Markov Chain Monte Carlo (MCMC) methods. Some numerical illustrations considering simulated and real lifetime data are presented to illustrate the proposed methodology, especially the effects of different priors on the posterior summaries of interest.

Recently, researchers have focused on how to minimize the negative effects of industrial activities on environment. Consequently, they work on mathematical models, which minimize the environmental issues as well as optimizing the costs. In the field of supply chain network design, most managers consider economic and environmental issues, simultaneously. This paper introduces a bi-objective supply chain network design, which uses fuzzy programming to obtain the capability of resisting uncertain conditions. The design considers production, recovery, and distribution centers. The advantage of using this model includes the optimal facilities, locating them and assigning the optimal facilities to them. It also chooses the type and the number of technologies, which must be bought. The fuzzy programming converts the multi objective model to an auxiliary crisp model by Jimenez approach and solves it with ?-constraint. For solving large size problems, the Multi Objective Differential Evolutionary algorithm (MODE) is applied.

In this paper, an attempt has been made to develop a mathematical model in order to study the relationship between laser cutting parameters such as laser power, cutting speed, assist gas pressure and focus position, and kerf taper angle obtained in CO2 laser cutting of AISI 304 stainless steel. To this aim, a single hidden layer artificial neural network (ANN) trained with gradient descent with momentum algorithm was used. To obtain an experimental database for the ANN training, laser cutting experiment was planned as per Taguchi’s L27 orthogonal array with three levels for each of the cutting parameters. Statistically assessed as adequate, ANN model was then used to investigate the effect of the laser cutting parameters on the kerf taper angle by generating 2D and 3D plots. It was observed that the kerf taper angle was highly sensitive to the selected laser cutting parameters, as well as their interactions. In addition to modeling, by applying the Monte Carlo method on the developed kerf taper angle ANN model, the near optimal laser cutting parameter settings, which minimize kerf taper angle, were determined.

In today’s competition inherited business world, managing inventory of goods is a major challenge in all the sectors of economy. The demand of an item plays a significant role while managing the stock of goods, as it may depend on several factors viz., inflation, selling price, advertisement, etc. Among these, selling price of an item is a decisive factor for the organization; because in this competitive world of business one is constantly on the lookout for the ways to beat the competition. It is a well-known accepted fact that keeping a reasonable price helps in attracting more customers, which in turn increases the aggregate demand. Thus in order to improve efficiency of business performance organization needs to stock a higher inventory, which needs an additional storage space. Moreover, in today’s unstable global economy there is consequent decline in the real value of money, because the general level of prices of goods and services is rising (i.e., inflation). And since inventories represent a considerable investment for every organization, it is inevitable to consider the effects of inflation and time value of money while determining the optimal inventory policy. With this motivation, this paper is aimed at developing a two-warehouse inventory model for deteriorating items where the demand rate is a decreasing function of the selling price under inflationary conditions. In addition, shortages are allowed and partially backlogged, and the backlogging rate has been considered as an exponentially decreasing function of the waiting time. The model jointly optimizes the initial inventory and the price for the product, so as to maximize the total average profit. Finally, the model is analysed and validated with the help of numerical examples, and a comprehensive sensitivity analysis has been performed which provides some important managerial implications.

In this paper, we consider the multi depot heterogeneous vehicle routing problem with time windows in which vehicles may be replenished along their trips. Using the modeling technique in a new-generation solver, we construct a novel formulation considering a rich series of constraint conditions and objective functions. Computation results are tested on an example comes from the real-world application and some cases obtained from the benchmark problems. The results show the good performance of local search method in the efficiency of replenishment system and generalization ability. The variants can be used to almost all kinds of vehicle routing problems, without much modification, demonstrating its possibility of practical use.

Web services have become quite popular over the last few years as they allow easier development and integration of business applications. In this paper, we consider a web service pricing problem where two providers compete through dynamic pricing. Each provider offers access to a web service with different quality classes where users may buy their required web service through a reservation system. They would like to adjust the prices of their web services over a pre-specified time horizon to manage demand and to maximize profit. Users have the right with no obligation to cancel their services as long as they pay a penalty. We consider a dynamic setting where the web service classes share a capacity. We first develop a time continuous model for competitive pricing of a web service and then we provide some insights about the equilibrium condition of the problem using open-loop differential game and propose an algorithm to obtain the optimal pricing policy for providers. Moreover, we conduct numerical analyses to examine the impacts of some parameters on control and state variables.

This paper presents a methodology for the design and integration of CONWIP in a make-to-order firm. The approach proposed was applied directly to the flexible job shop of a real manufacturing firm in order to assess the validity of the methodology. After the description of the whole plant layout, attention was focused on a section of the shop floor (21 workstations). The CONWIP system deals with multiple-product families and is characterized by path-type cards and a pull-from-the-bottleneck scheme. The cards release strategy and a customized dispatching rule were created to meet the firm’s specific needs. After the simulation model of the present state was built and validated, the future state to be implemented was created and simulated (i.e. the CONWIP system). The comparison between the two systems achieved excellent results, and showed that CONWIP is a very interesting tool for planning and controlling a complex flexible job shop.

This paper presents a study to measure the effects of return on investment, sales growth rate, volatility investment, cash flow and structure of institutional shareholders on the ratio of debt to equities. The study selects 102 firms listed on Tehran Stock Exchange and, using regression technique with Panel data, examines five different hypotheses over the period 2008-2012. The results indicate that there was a negative and meaningful relationship between return of investment and the ratio of debt to equities and a positive and meaningful relationship between sales growth and the ratio of debt to equities. Moreover, there were positive and meaningful relationships between volatility of investment as well as cash flow and the ratio of debt to equities. Finally, the survey has indicated that there was a negative and meaningful relationship between the structure of institutional shareholders and the ratio of debt to equities.