Abstract
Quadratic programming is potentially capable of strategic decision making in real world problems. However, practical problems rarely conform to crisp parameters, and hence the prospects of these problems with inexact parameters are inevitably higher. The existing studies regarding public welfare schemes/ organizations reveal that their objectives end up as minimization of cost functions and are governed by linear or concave quadratic programming problems. The present study proposes a method that can be applied to concave type quadratic objective function subject to linear constraints with inexact parameters. A comparison is also drawn with existing methods to establish its simplicity and efficiency. Further, a numerical example is illustrated, and finally, a waste management problem is formulated and solved using the proposed method.
Original language | English |
---|---|
Article number | 60 |
Journal | Journal of Inequalities and Applications |
Volume | 2021 |
Issue number | 1 |
DOIs | |
State | Published - 2021 |
Bibliographical note
Funding Information:The authors sincerely acknowledge the valuable suggestions and recommendations of the anonymous reviewers which have considerably improved the presentation and quality of the paper. The first author is also thankful to the Quality Improvement Programme Centre of IIT Roorkee along with All India Council of Technical Education for their support to carry out this work. The third and fourth authors thank the King Fahd University of Petroleum and Minerals for the support under the project no. SB191005.
Funding Information:
The authors sincerely acknowledge the valuable suggestions and recommendations of the anonymous reviewers which have considerably improved the presentation and quality of the paper. The first author is also thankful to the Quality Improvement Programme Centre of IIT Roorkee along with All India Council of Technical Education for their support to carry out this work. The third and fourth authors thank the King Fahd University of Petroleum and Minerals for the support under the project no. SB191005.
Publisher Copyright:
© 2021, The Author(s).
Keywords
- Concave optimization
- Inexact parameters
- Quadratic programming problem
- Waste management
ASJC Scopus subject areas
- Analysis
- Discrete Mathematics and Combinatorics
- Applied Mathematics