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Determination Of Efficient Production's Plans For Risk For Electrical Transformers Factory Buy Using The Minimization Of Total Absolute Deviations Model | ||
| iraq journal of market research and consumer protection | ||
| Article 1, Volume 3, Issue 6, 2011, Pages 66-91 | ||
| Author | ||
| Ahmed Whyeb Hussain | ||
| Abstract | ||
| ABSTRACT The aim of the research is to determine the efficient production's plans for risk to electrical transformers factory by using the minimization of total absolute deviations model (MOTAD) as a linear alternative model for quadratic programming under risk and uncertainty. The study confirmed that the plans of production which take in consideration risk are differ from plans which don’t take in consideration risk. And there had been a sort of (trade- off) between expected income and risk associated with it. So if the management of factory prefers risk, it must produce the transformers 10/11, 25/11, 40/11 and 63/11, or a risk aversion, it must produce the transformers 10/11, 40/11 and 63/11. | ||
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