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2724. Non-linear Task Valuation in resource allocation problems
Invited abstract in session WB-18: Sustainable Economics in Developing Countries , stream OR for Development and Developing Countries.
Wednesday, 10:30-12:00Room: 42 (building: 116)
Authors (first author is the speaker)
| 1. | Wen-Chih Chen
|
| Department of Industrial Engineering and Management, National Yang Ming Chiao Tung University |
Abstract
Allocating resources to various tasks is a critical decision in practices. One of the difficulties arises from the intangible nature of task values or importance, making it challenging for decision makers to express them explicitly. Additionally, the value is nonlinearly linked to the level of allocated resources. This work proposes a method to estimate the non-linear value function by the historical decisions. Simulated studies are used to demonstrate the effectiveness of the proposed method.
Keywords
- Production and Inventory Systems
- Mathematical Programming
- Optimization Modeling
Status: accepted
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