Optimization model for production planning: Case of an Indian steel company

Banerjee, Tuhin and Koul, Saroj (2021) Optimization model for production planning: Case of an Indian steel company. In: Computationally intelligent systems and their applications. Studies in Computational Intelligence, 950 . Springer Nature, Singapore, pp. 11-24. ISBN 978-981-16-0407-2

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Abstract

Steelmaking has evolved in the past decade to incorporate advanced technologies in line with global development. However, the use of data analytics, artificial intelligence, and advanced optimization process in day-to-day operations is yet to evolve. This paper aims to develop an optimization model for planning the production sequence and allocating resources keeping view of the technical and resource constraints of the steel plant. Multi-criteria decision modeling is used to generate the product mix, and sequencing of the product mix is done through an iterative route-finding method based on the objective selected using transportation algorithms.

Item Type: Book Section
Keywords: Product mix | Integrated plant control | LP model | Computer application | Steel plant | India
Subjects: Social Sciences and humanities > Business, Management and Accounting > Industrial relations
Social Sciences and humanities > Business, Management and Accounting > Management of Technology and Innovation
Physical, Life and Health Sciences > Materials Science
JGU School/Centre: Jindal Global Business School
Depositing User: Admin Library
Date Deposited: 16 Nov 2021 11:06
Last Modified: 17 Jan 2022 18:35
Official URL: https://doi.org/10.1007/978-981-16-0407-2_2
Additional Information: The authors thank the executives and administrators at the integrated steel plant in Central India for deliberations and data for the action learning project undertaken at the Centre for Supply Chain and Logistics Management from July 2019 to December 2019. We are also grateful to our reviewers for their valuable suggestions that have made the paper more systematic and instructive.
URI: https://pure.jgu.edu.in/id/eprint/32

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