The question of causal relationship between energy consumption and economic growth has significant importance in energy economics. This study aims at investigating ?does energy consumption cause economic growth or economic growth leads to more energy consumption?? For this purpose, departing...

Transportation industry is a fairly large industry in today's globalised world, and has significant effect too. Each and every big or small industry is bound to use the transportation facilities or logistics. The main problems in this logistics operation are optimising the cost, time, distance...

As globalisation and international sourcing prevail, constructing an optimal combination of diverse suppliers has become of great importance for meeting measurable objectives, such as on-time delivery, cost efficiency and risk mitigation. This paper presents a method for solving a sealed-bid,...

The application of quantitative techniques for the determination of credit worthiness, i.e., the credit scoring, is a major research field for bankers and academics as it can bring about significant savings to finance institutions whilst minimising their exposure to risk. In the current work,...

Purpose – The purpose of this paper is to deal with the performance modeling and optimization for the stock preparation unit of a paper plant using genetic algorithm. It provides the optimum unit availability level for different combinations of failure and repair rates of the subsystems of the...