He looked at things such as is there a big difference between approximating random demand by a three-point distribution vs. In his work he did extensive analysis of what were the key features that affected expected profit. He used the stochastic optimization capabilities of the LINGO modeling software provided by LINDO Systems. In his thesis, Gómez Rocha helped a furniture manufacturing company located in the state of Hidalgo, Mexico deal with the problem of how to set mean capacity as well as production levels in the face of uncertain demand when planning production over multiple periods. LINDO Systems will be giving several presentations at the upcoming INFORMS meeting in Anaheim.Īwarding Winning Work Uses Stochastic Optimization Capabilities of LINGO SoftwareĪt the IX National Congress of the Mexican Society for Operations Research, 13 -, José Emmanuel Gómez Rocha, a student at Universidad Autonoma del Estado de Hidalgo, Mexico received the first-place award for the best thesis in the Undergraduate category, with his thesis "Optimization Models Multi-State Stochastics Applied to the Planning of the Production of a Furniture Company.” The work was directed by Prof.
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