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Applications and Benefits of Operations Research in Services & Government
Operation Research (OR) applications can bring benefits in many areas in Services & Government, such as:
Employee Training
The personnel manager of an airline company must decide how many new flight attendants to hire and train during a certain period. Each flight attendant can only work up to a certain number of hours a month. Trainees require a training before they can be put on a flight as regular flight attendants. During this time a trainee is available for a limited number of hours a month. Due to limited training capacity, there is a maximum number of new trainees each month. Throughout the year, flight attendants quit their jobs for a variety of reasons.
Risk management
The risk management system, for market makers and option traders, has a wide functionality including the theoretical evaluation of derivatives, an extensive sensitivity analysis, the display of risk profiles, the generation of scenarios, the generation of price quotes and exercise signals, the minimization of risk exposure, the calculation of exercise premiums and implied data (volatilities and interest rates), plus an overview of all the transactions on each day.
Strategic forest management
The strategic forest management system allows foresters to interactively represent large forested areas at a strategic level. Such a flexible decision-making framework can help the understanding of how a forest develops over time. The system also allows for the exploring of forest management objectives and their tradeoffs, plus the preparation of long-term forest management plans.
Case Studies in Services
You can read more about actual AIMMS applications in Services & Government in the following case studies:
- CQM - Leaseplan – Optimize Central Purchasing
- Innovative Management Concepts
- James M. Kitz Award for SFMM Developer
- Ontario Ministry of Natural Resources - Forestry
- Optimal Solutions - Optimized conference scheduling
- UniSoma - Votorantim Celulose e Papel - PLANFLOR (2)
AIMMS Examples in Services
To help you get started building an AIMMS optimization model tailored to your needs, we have developed a few small working examples. You can download these examples via the table below, and run them after installing the AIMMS software.
- Economic Exchange Equilibrium
- Employee Scheduling
- Employee Training
- Investment Portfolio Selection
- Life Cycle Consumption
- Media Selection
- Two Level Decision Problem
Customers
AIMMS Customers in Services & Government include:
AIMMS/MOPTA Modeling Competition 2012