Optimization

The anatomy of a successful restaurant has many factors. Food and labor costs are among the top profit busters. Restaurant profit optimization, however, can turn any restaurant into a successful one. Become a savvy restaurateur with up to 19 percent profits. Do you know what a successful restaurant looks like? The anatomy of a successful restaurant will focus primarily on where every dollar is spent, and how to churn out as much profit for each dollar. Knowing where exactly your money goes…

the book at different price points and varying the publishers cost, we ran three optimizations in Excel. We used the Solver tool within Excel as it allowed us to maximize profit while considering any constraints that might apply. We have included Exhibit 3 below to display the three optimizations we ran in Excel. The first line is highlighted to emphasize the final results from each optimization. These optimizations will be explained in further detail…

According to Demographic Transition Model, there has been a gradually shift from high fertility and mortality rates to a decline in birth rate and death rates, which leads to the ageing of populations in the world. Therefore, many scientists, developmental psychologists, healthcare professionals and even governments start to emphasis on the aging issue. In the previous years, ageing was simply associated with a decline in physical, psychological, social capacities and an increase in the risk…

achieve the product optimization. The results obtained after implementation of various techniques is cost of product minimize and quality of product improves. Sturges Robert H [9] stated that the Value Engineering techniques based on function have been the means to improved products and processes for several decades. It is a social design methodology that is usually episodic in application and often confused with narrow interests, such as cost cutting. He conclude that VE is neither a different…

Results Unit 800 produces ethylene and acetic acid through the partial oxidation of ethane. Ethylene, the most abundant product from the unit, is partitioned such that half of the product is used as a feed source for Unit 600 and the other half is sold on the market. Ethylene purity must reach at least 99.5% to be sold as reagent grade. The second desired product, acetic acid, is also sold on the market, at 99% purity. Unit 800 consists of a fired heater to preheat the reactants, an…

Grey Wolf Optimizer (GWO) is inspired by grey wolves. The leadership hierarchy and hunting mechanism of grey wolves is mimicked by GWO algorithm. GWO employs four types of grey wolves such as alpha, beta, delta, and omega. GWO consists of three main steps of hunting, searching for prey. Encircling prey, and attacking prey [38]. GWO is benchmarked on many challenging test problems and applied to some real engineering problems. The results reveal that GWO is able to provide very competitive…

cities first and then move to the same city from where it has started its whole journey. One of the concerns here with this problem, here is that the salesman cannot visit a single city twice. There are several optimization techniques such as ant colony optimization, particle swarm optimization, genetic algorithm, nearest neighbor algorithm, etc. out of which we have solved Travelling salesman problem using a Genetic algorithm and Nearest neighbor algorithm. In our paper, we have shown that for…

here allow novice students to solve more complex problems by taking advantage of the quantitative tools—forecasting, simulation, and optimization—that students acquire during the early stages of many business programs. In addition, use of these cases helps to give the tools themselves more credibility because real-world revenue managers develop and use optimization and simulation models built on the same core principles (although, of course, industrial-strength applications are usually much…

Erikson's Theory (Late Adulthood only) Erikson’s eighth stage is Integrity vs despair, which is experienced in late adulthood. The purpose of this stage is to reflect on the past and either piecing together a positive review or concluding that their life has not been well spent. In each previous period if the older adult has developed a positive outlook, they may experience retroactive glances and will reveal a life well spent, and the older adult will be satisfies. Furthermore, what could also…

features creates the mismatch in comparison phase to determine either genuine or not genuine. Therefore, to determine genuinely, this study proposes a new model of iris recognition using combinational approach of a split block and particle swarm optimization (PSO) in selecting the best crypt among unique iris features template. The split block has been used in this study to separate the image with the part that very important in the iris template meanwhile, the particles in PSO searches the most…