We describe how a generic multi-period optimization-based decision support system (DSS) can be used for strategic planning in process industries. The DSS is built on five fundamental elements . materials, facilities, activities, storage areas and time periods. It requires little direct knowledge of optimization techniques to be used effectively. Results based on real data from an aluminum company in India demonstrate significant potential for improvement in profits.
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Paper provided by Indian Institute of Management Ahmedabad, Research and Publication Department in its series IIMA Working Papers with number
2008-12-06.
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