Using Mathematics to Solve Some Problems in Industry

Kathryn E. Stecke - kstecke@utdallas.edu
School of Management, University of Texas at Dallas, Richardson, Texas 75083

Abstract

This paper describes how some industrial problems can be solved using relatively simple mathematical models. Models can be used also to provide insight into how industrial system components interact. This paper is useful for master's level students in that it describes what a model is as well as the modeling function. Master's students in engineering and MBAs and Ph.D. students who are interested in solving real industry problems should find this overview of models useful. Different types of industrial problems are discussed. Finally, some models that address industrial problems, such as inventory models, linear programming, network flow, decision analysis, queueing models, and simulation are examined. Future industrial modeling situations are described.

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10.1287/ited.5.2.1

Citation Information
Stecke, K. E. 2005. Using Mathematics to Solve Some Problems in Industry. INFORMS Trans. Ed. 5(2) 1-8. Available online at http://ite.pubs.informs.org/.

DOI: 10.1287/ited.5.2.1