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Optimization Modeling for Business Planning at Trumbull Asphalt

Author

Listed:
  • Clarence H. Martin

    (6342 Sharon Woods Boulevard, Columbus, Ohio 43229)

  • Sanford L. Lubin

    (Owens-Corning Fiberglas, Fiberglas Tower, Toledo, Ohio 43651)

Abstract

Trumbull Asphalt, the world's largest producer of industrial asphalt products, uses an integer programming model in its business planning. The model assists planning efforts in several areas including sourcing of raw materials, distribution of raw materials and finished products, blending analysis, and facility configuration to save more than $1,000,000 annually.

Suggested Citation

  • Clarence H. Martin & Sanford L. Lubin, 1985. "Optimization Modeling for Business Planning at Trumbull Asphalt," Interfaces, INFORMS, vol. 15(6), pages 66-72, December.
    • Handle: RePEc:inm:orinte:v:15:y:1985:i:6:p:66-72
    DOI: 10.1287/inte.15.6.66
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    Cited by:

    1. Lingxiu Dong & Panos Kouvelis & Xiaole Wu, 2014. "The Value of Operational Flexibility in the Presence of Input and Output Price Uncertainties with Oil Refining Applications," Management Science, INFORMS, vol. 60(12), pages 2908-2926, December.
    2. Uday S. Karmarkar & Kumar Rajaram, 2001. "Grade Selection and Blending to Optimize Cost and Quality," Operations Research, INFORMS, vol. 49(2), pages 271-280, April.

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