IDEAS home Printed from https://ideas.repec.org/a/spr/annopr/v251y2017i1d10.1007_s10479-015-1882-9.html
   My bibliography  Save this article

Value analysis planning with goal programming

Author

Listed:
  • Marc J. Schniederjans

    (University of Nebraska-Lincoln)

  • Dara Schniederjans

    (The University of Rhode Island)

  • Qing Cao

    (Texas Tech University)

Abstract

This paper presents a model to support planning decisions in the engineering methodology referred to as value analysis. A goal programming model incorporating elements of critical path method and concurrent engineering is proposed as a means to augment the planning of value analysis projects. The modeling approach builds and extends prior goal programming research by uniquely incorporating both timing and cost information to ease modeling complexity and reveal scheduling resource tradeoffs. An illustrative example is presented to demonstrate the modeling approach informational efficacy.

Suggested Citation

  • Marc J. Schniederjans & Dara Schniederjans & Qing Cao, 2017. "Value analysis planning with goal programming," Annals of Operations Research, Springer, vol. 251(1), pages 367-382, April.
    • Handle: RePEc:spr:annopr:v:251:y:2017:i:1:d:10.1007_s10479-015-1882-9
    DOI: 10.1007/s10479-015-1882-9
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s10479-015-1882-9
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.
    File URL: https://libkey.io/10.1007/s10479-015-1882-9?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. S Dowlatshahi, 2001. "Product life cycle analysis: a goal programming approach," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 52(11), pages 1201-1214, November.
    2. Amir Azaron & Hideki Katagiri & Masatoshi Sakawa, 2007. "Time-cost trade-off via optimal control theory in Markov PERT networks," Annals of Operations Research, Springer, vol. 150(1), pages 47-64, March.
    3. Sudhir Nanda & Parag Pendharkar, 2001. "Linear models for minimizing misclassification costs in bankruptcy prediction," Intelligent Systems in Accounting, Finance and Management, John Wiley & Sons, Ltd., vol. 10(3), pages 155-168, September.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Yang, Ching-Chow & Chen, Shun-Hsing & Shiau, Jiun-Yan, 2007. "A DFX and concurrent engineering model for the establishment of a new department in a university," International Journal of Production Economics, Elsevier, vol. 107(1), pages 179-189, May.
    2. Daniel E. O'Leary, 2009. "Downloads and citations in Intelligent Systems in Accounting, Finance and Management," Intelligent Systems in Accounting, Finance and Management, John Wiley & Sons, Ltd., vol. 16(1‐2), pages 21-31, January.
    3. Fahmida E. Moula & Chi Guotai & Mohammad Zoynul Abedin, 2017. "Credit default prediction modeling: an application of support vector machine," Risk Management, Palgrave Macmillan, vol. 19(2), pages 158-187, May.
    4. Catalina García & José Pérez & Salvador Rambaud, 2010. "Proposal of a new distribution in PERT methodology," Annals of Operations Research, Springer, vol. 181(1), pages 515-538, December.
    5. Yaghoubi, Saeed & Noori, Siamak & Azaron, Amir & Fynes, Brian, 2015. "Resource allocation in multi-class dynamic PERT networks with finite capacity," European Journal of Operational Research, Elsevier, vol. 247(3), pages 879-894.
    6. Azaron, A. & Brown, K.N. & Tarim, S.A. & Modarres, M., 2008. "A multi-objective stochastic programming approach for supply chain design considering risk," International Journal of Production Economics, Elsevier, vol. 116(1), pages 129-138, November.
    7. Ravi Kumar, P. & Ravi, V., 2007. "Bankruptcy prediction in banks and firms via statistical and intelligent techniques - A review," European Journal of Operational Research, Elsevier, vol. 180(1), pages 1-28, July.
    8. P Pendharkar, 2009. "Misclassification cost minimizing fitness functions for genetic algorithm-based artificial neural network classifiers," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 60(8), pages 1123-1134, August.
    9. Klaus Werner Schmidt & Öncü Hazır, 2019. "Formulation and solution of an optimal control problem for industrial project control," Annals of Operations Research, Springer, vol. 280(1), pages 337-350, September.
    10. Laila Dahabiyeh & Omar Mowafi, 2023. "Challenges of using RPA in auditing: A socio‐technical systems approach," Intelligent Systems in Accounting, Finance and Management, John Wiley & Sons, Ltd., vol. 30(2), pages 76-86, April.
    11. Daniel E. O'Leary, 2010. "Intelligent Systems in Accounting, Finance and Management: ISI journal and proceeding citations, and research issues from most‐cited papers," Intelligent Systems in Accounting, Finance and Management, John Wiley & Sons, Ltd., vol. 17(1), pages 41-58, January.
    12. Cinzia Colapinto & Raja Jayaraman & Simone Marsiglio, 2017. "Multi-criteria decision analysis with goal programming in engineering, management and social sciences: a state-of-the art review," Annals of Operations Research, Springer, vol. 251(1), pages 7-40, April.
    13. A. Hernández-Bastida & M. P. Fernández-Sánchez, 2019. "How adding new information modifies the estimation of the mean and the variance in PERT: a maximum entropy distribution approach," Annals of Operations Research, Springer, vol. 274(1), pages 291-308, March.
    14. Belaid Aouni & Sheila McGillis & Mustafa Elkasih Abdulkarim, 2017. "Goal programming model for management accounting and auditing: a new typology," Annals of Operations Research, Springer, vol. 251(1), pages 41-54, April.
    15. Nelson, Richard Graham & Azaron, Amir & Aref, Samin, 2016. "The use of a GERT based method to model concurrent product development processes," European Journal of Operational Research, Elsevier, vol. 250(2), pages 566-578.
    16. Yaghoubi, Saeed & Noori, Siamak & Azaron, Amir & Tavakkoli-Moghaddam, Reza, 2011. "Resource allocation in dynamic PERT networks with finite capacity," European Journal of Operational Research, Elsevier, vol. 215(3), pages 670-678, December.
    17. Pedro Godinho & João Paulo Costa, 2020. "A stochastic model and algorithms for determining efficient time–cost tradeoffs for a project activity," Operational Research, Springer, vol. 20(1), pages 319-348, March.
    18. Parag Pendharkar & Sudhir Nanda, 2006. "A misclassification cost‐minimizing evolutionary–neural classification approach," Naval Research Logistics (NRL), John Wiley & Sons, vol. 53(5), pages 432-447, August.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:annopr:v:251:y:2017:i:1:d:10.1007_s10479-015-1882-9. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.