NDLI: The operations-finance interface: An example from lot sizing

Content Provider	IEEE Xplore Digital Library
Author	Vandaele, N. Perdu, L.
Copyright Year	2010
Description	Author affiliation: Dept of Business and Economics, K.U. Leuven, 3000, Belgium (Vandaele, N.; Perdu, L.)
Abstract	Operational models are typically used to optimize operational measures such as lead time, work-in-process or throughput. Unfortunately, these models often do not take into account the financial aspects of the decisions made. Financial models on the other hand try to optimize costs, profits or shareholder's value. Integration with the underlying operational model is however often missing because the operational decisions are considered to be the input for the financial model. Integrated models are of interest because the outcome of pure operational models can become suboptimal or even infeasible when considering the financial implications while financial models overlook operational issues like capacity, utilization and congestion. We build an integrated operational-financial model that optimizes shareholder value taking into account the relevant financial and operational parameters and constraints. We choose to maximize economic value added, which is a flow measure and therefore well suited for our model which runs over the period of one year.
Starting Page	1
Ending Page	6
File Size	171067
Page Count	6
File Format	PDF
ISBN	9781424464852
e-ISBN	9781424464876
DOI	10.1109/ICSSSM.2010.5530184
Language	English
Publisher	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Publisher Date	2010-06-28
Publisher Place	Japan
Access Restriction	Subscribed
Rights Holder	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subject Keyword	integrated operational-financial model Stochastic processes queueing Throughput Lot sizing Time measurement Environmental economics Delay stochastic optimization Constraint optimization Fluid flow measurement Investments lot sizing Cost function
Content Type	Text
Resource Type	Article

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1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
3	National Digital Library of India Office, Indian Institute of Technology Kharagpur	The administrative and infrastructural headquarters of the project	Dr. B. Sutradhar bsutra@ndl.gov.in
4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
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