IDEAS home Printed from https://ideas.repec.org/a/inm/orinte/v12y1982i2p37-42.html
   My bibliography  Save this article

A Good Solution Instead of an Optimal One

Author

Listed:
  • J. P. Hernandez

    (European Institute for Advanced Studies in Management, Place Stéphanie 20, B-1050 Brussels)

  • J. M. Proth

    (European Institute for Advanced Studies in Management, Place Stéphanie 20, B-1050 Brussels)

Abstract

The objective of the present work, which was sponsored by the French Ministèrs de l'Industrie, is to save “vulnerable” metals, i.e., those for which supply is uncertain and/or those that have to be imported. The production of alloys at the lowest price from a number of stocks of scrap alloys of various composition and from unalloyed metals has been achieved through the use of a new algorithm built into a computer program. The method differs from the usual linear programming and avoids the shortcomings of the well-known algorithms. Results are given showing the profits foundries can achieve when using this algorithm. Finally, some practical aspects of the introduction of this software in a foundry are presented, with unexpected consequences on the replacement of used-up stocks.

Suggested Citation

  • J. P. Hernandez & J. M. Proth, 1982. "A Good Solution Instead of an Optimal One," Interfaces, INFORMS, vol. 12(2), pages 37-42, April.
    • Handle: RePEc:inm:orinte:v:12:y:1982:i:2:p:37-42
    DOI: 10.1287/inte.12.2.37
    as

    Download full text from publisher

    File URL: http://dx.doi.org/10.1287/inte.12.2.37
    Download Restriction: no
    File URL: https://libkey.io/10.1287/inte.12.2.37?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Goutam Dutta & Robert Fourer, 2001. "A Survey of Mathematical Programming Applications in Integrated Steel Plants," Manufacturing & Service Operations Management, INFORMS, vol. 3(4), pages 387-400.
    2. Fröhling, Magnus & Schwaderer, Frank & Bartusch, Hauke & Rentz, Otto, 2010. "Integrated planning of transportation and recycling for multiple plants based on process simulation," European Journal of Operational Research, Elsevier, vol. 207(2), pages 958-970, December.
    3. Bowers, M.R. & Kaplan, L.A. & Hooker, T.L., 1995. "A two-phase model for planning the production of aluminum ingot," European Journal of Operational Research, Elsevier, vol. 81(1), pages 105-114, February.

    More about this item

    Keywords

    industries: mining/metals;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:inm:orinte:v:12:y:1982:i:2:p:37-42. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Asher (email available below). General contact details of provider: https://edirc.repec.org/data/inforea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.