Optimal resource allocation in chemical research

1969 ◽  
Vol 1 (2) ◽  
pp. 238-270 ◽  
Author(s):  
J. C. Gittins
Keyword(s):  
Mathematical Model ◽  
Resource Allocation ◽  
Chemical Research ◽  
Optimal Resource Allocation ◽  
Optimal Resource ◽  
Set Up

The problem of allocating scientific effort between a number of competing projects is considered. A stochastic mathematical model is set up, and for the case of just two competing projects a number of results are proved which enable the best policy to be determined. An indication is given of the ways in which these results might be extended so as to deal with more general situations.

Optimal resource allocation in chemical research

1969 ◽  
Vol 1 (02) ◽  
pp. 238-270 ◽  
Author(s):  
J. C. Gittins
Keyword(s):  
Mathematical Model ◽  
Resource Allocation ◽  
Chemical Research ◽  
Optimal Resource Allocation ◽  
Optimal Resource ◽  
Set Up

The problem of allocating scientific effort between a number of competing projects is considered. A stochastic mathematical model is set up, and for the case of just two competing projects a number of results are proved which enable the best policy to be determined. An indication is given of the ways in which these results might be extended so as to deal with more general situations.

scholarly journals RESOURCE ALLOCATION IMPROVEMENT IN THE TASKS OF AIRPORT GROUND HANDLING OPERATIONS

Aviation ◽  
2015 ◽  
Vol 19 (1) ◽  
pp. 7-13 ◽  
Author(s):  
Kristina Marintseva ◽  
Gennadiy Yun ◽  
Sviatoslav Kachur
Keyword(s):  
Mathematical Model ◽  
Resource Allocation ◽  
Software Package ◽  
Duality Theory ◽  
Work Schedule ◽  
Optimal Resource Allocation ◽  
Efficiency Criterion ◽  
Global Trend ◽  
Optimal Resource ◽  
Ground Handling

It is a global trend for the airport ground handling market to become liberalised. Fiercer competition lead to the necessity to improve efficiency and minimise costs. A mathematical model of optimal resource allocation by aircraft ground handling company using duality theory has been suggested. The numerical results for the solution of the task under the question which were obtained with the relevant software package, proved validity of the specified theoretical preconditions and allowed to improve the work schedule of the experimental aircraft ground handling company in accordance with a specified efficiency criterion.

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