An integrated production and financial planning model and an application

Kirca, O
Köksalan, Mustafa Murat
Ln this paper we develop and implement a linear programming model that integrates production and financial planning. We discuss the implementation of the model in a make-to-order type production environment that operates under high inflation. We elaborate on the motivation of the model as well as the difficulties encountered during the implementation. We present the results of the application and discuss various benefits that can be obtained by using the model.


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This paper presents an experimental study for evaluating the decision support value of queueing network (QN) based simulation models for information system design performance. For illustration, queueing network simulation models have been extracted corressponding to three annotated design alternatives of a selected case study. The design alternatives are produced using logical requirements of the selected system. The performance of each alternative is then predicted using quantifiable parameters considering...
A stochastic programming approach to multicriteria portfolio optimization
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We study a stochastic programming approach to multicriteria multi-period portfolio optimization problem. We use a Single Index Model to estimate the returns of stocks from a market-representative index and a random walk model to generate scenarios on the possible values of the index return. We consider expected return, Conditional Value at Risk and liquidity as our criteria. With stocks from Istanbul Stock Exchange, we make computational studies for the two and three-criteria cases. We demonstrate the trade...
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Soylu, Banu; Köksalan, Murat; Department of Industrial Engineering (2007)
In this thesis, we develop an evolutionary algorithm for approximating the Pareto frontier of multi-objective continuous and combinatorial optimization problems. The algorithm tries to evolve the population of solutions towards the Pareto frontier and distribute it over the frontier in order to maintain a well-spread representation. The fitness score of each solution is computed with a Tchebycheff distance function and non-dominating sorting approach. Each solution chooses its own favorable weights accordin...
An Approach for introducing a set of domain specific components
Yiğit, İbrahim Onuralp; Doğru, Ali Hikmet; Department of Computer Engineering (2015)
In this thesis, a preliminary methodology is proposed for the determination of a set of components to populate the domain model of a Software Product Line infrastructure. Software Product Line based approaches focus on the reusability of assets for a family of software products. For effective reuse, the definition of reusable assets in this thesis considers variability in a domain. The approach is based on variability specifications that is rooted in Feature Models and is reflected to a component modeling n...
A new likelihood approach to autonomous multiple model estimation
Söken, Halil Ersin (Elsevier BV, 2020-04-01)
This paper presents an autonomous multiple model (AMM) estimation algorithm for hybrid systems with sudden changes in their parameters. Estimates of Kalman filters (KFs) that are tuned and employed for different system modes are merged based on a newly defined likelihood function without any necessity for filter interaction. The proposed likelihood function is composed of two measures, the filter agility measure and the steady-state error measure. These measures are derived based on filter adaptation rules....
Citation Formats
O. Kirca and M. M. Köksalan, “An integrated production and financial planning model and an application,” IIE TRANSACTIONS, pp. 677–686, 1996, Accessed: 00, 2020. [Online]. Available: