Abstract
In the lobster processing industry, savvy decision-makers call for robust, fast, and cheap decision support systems to simulate scenarios in hard-to-predict market conditions for planning sales and operations of the next season. For optimizing the planning of simulated scenarios, linear programming models are customized to the constraints of each business case, and to data readily available from past seasons. For illustration, two significantly different cases are presented with results. Considerations regarding cross training and cell operations is discussed to resolve shifting bottlenecks and consequently improve financial performance. Depending on cases, direct margins could be improved by up to two-digit rates.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
More From: International Transactions in Operational Research
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.