Abstract: In this paper a new methodology for vendor selection
and supply quotas determination (VSSQD) is proposed. The problem
of VSSQD is solved by the model that combines revised weighting
method for determining the objective function coefficients, and a
multiple objective linear programming (MOLP) method based on the
cooperative game theory for VSSQD. The criteria used for VSSQD
are: (1) purchase costs and (2) product quality supplied by individual
vendors. The proposed methodology has been tested on the example
of flour purchase for a bakery with two decision makers.
Abstract: Portfolio optimization problem has received a lot of attention from both researchers and practitioners over the last six decades. This paper provides an overview of the current state of research in portfolio optimization with the support of mathematical programming techniques. On top of that, this paper also surveys the solution algorithms for solving portfolio optimization models classifying them according to their nature in heuristic and exact methods. To serve these purposes, 40 related articles appearing in the international journal from 2003 to 2013 have been gathered and analyzed. Based on the literature review, it has been observed that stochastic programming and goal programming constitute the highest number of mathematical programming techniques employed to tackle the portfolio optimization problem. It is hoped that the paper can meet the needs of researchers and practitioners for easy references of portfolio optimization.
Abstract: Sustainability in rural production system can only be achieved if it can suitably satisfy the local requirement as well as the outside demand with the changing time. With the increased pressure from the food sector in a globalised world, the agrarian economy
needs to re-organise its cultivable land system to be compatible with new management practices as well as the multiple needs of various stakeholders and the changing resource scenario. An attempt has been made to transform this problem into a multi-objective decisionmaking problem considering various objectives, resource constraints and conditional constraints. An interactive fuzzy multi-objective
programming approach has been used for such a purpose taking a
case study in Indian context to demonstrate the validity of the method.