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Iman Nosoohi , Seyed Nader Shetab-Boushehri,
Volume 22, Issue 2 (IJIEPR 2011)
Abstract

  Selection of appropriate infrastructure transportation projects such as highways, plays an important role in promotion of transportation systems. Usually in evaluation of transportation projects, because of lack of information or due to long time and high expenditures needed for gathering information, different effective factors are ignored. Thus, in this research, regarding multi criteria nature of transportation projects selection and using fuzzy logic, an appropriate conceptual framework for ranking and selecting transportation projects is proposed. Also, unlike the previous researches, we've applied a fuzzy inference system (FIS) to account value of each project with respect to each criterion, in the proposed methodology. The FIS helps us to set rule-based systems for paying attention to expert's experience and professional knowledge in decision making. The proposed methodology is explained in detail through an applicable example. We've considered most common criteria including effect of transportation project on traffic flow, economical growth and environment beside budget constraint, in the descriptive example.


Iman Nosoohi, Naser Mollaverdi,
Volume 22, Issue 2 (IJIEPR 2011)
Abstract

 

  Capacity Reservation,

  Option Contract,

  Supplier Selection

A key issue for manufacturing firms is planning for outsourced components. In this research, we have considered a manufacturer in a Make-to-Order production environment who has to outsource a special component from a set of suppliers. One selling season is considered and the manufacturer faces uncertain demand during the selling season. A good strategy for the manufacturer to balance both holding and lost sale costs is to initiate capacity reservation contracts with his suppliers. Thus, unlike the previous researches we have presented a mathematical model based on option mechanism that will help the manufacturer to select appropriate suppliers and order allocation, simultaneously. The considered option mechanism has a two part contract fee structure (option price and exercise price) and it is at the foundation of practical contracts used by different industries. A numerical example is used to illustrate the model and to investigate how option mechanism improves manufacturer's expected profit in comparison with the situation without applying the option mechanism .



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