An Expanded Database Structure for a Multi-Period, Optimization Model
Narain Gupta, Goutam Dutta · 2007
We describe a generic database structure of a multi-period two-stage stochastic optimization based decision support system. The model is an extension of earlier work (Dutta & Fourer; 2004). The model could be used with no or little knowledge of OR/MS. The model maximizes expected contribution subject to material balance, facility capacity, facility input, facility output, storage inventory balance, storage area constraints. The model also considers non-anticipativity constraints for first stage decision variables. 1.