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Publications

Publications by CEGI

2021

Dynamic Response Surface Method Combined with Genetic Algorithm to Optimize Extraction Process Problem

Authors
Lima L.A.; Pereira A.I.; Vaz C.B.; Ferreira O.; Carocho M.; Barros L.;

Publication
Communications in Computer and Information Science

Abstract
This study aims to find and develop an appropriate optimization approach to reduce the time and labor employed throughout a given chemical process and could be decisive for quality management. In this context, this work presents a comparative study of two optimization approaches using real experimental data from the chemical engineering area, reported in a previous study [4]. The first approach is based on the traditional response surface method and the second approach combines the response surface method with genetic algorithm and data mining. The main objective is to optimize the surface function based on three variables using hybrid genetic algorithms combined with cluster analysis to reduce the number of experiments and to find the closest value to the optimum within the established restrictions. The proposed strategy has proven to be promising since the optimal value was achieved without going through derivability unlike conventional methods, and fewer experiments were required to find the optimal solution in comparison to the previous work using the traditional response surface method.

2021

Financial performance assessment of branded and non-branded hotel companies. Analysis of the Portuguese case

Authors
Martins, C; Vaz, CB; Alves, JMA;

Publication
INTERNATIONAL JOURNAL OF CONTEMPORARY HOSPITALITY MANAGEMENT

Abstract
Purpose Portugal has been experiencing a continuous growth in tourism activity, with hospitality industry as one of the main tourism sectors. Therefore, the assessment of hotel companies' performance is very important to assist decision processes. The purpose of this paper is to assess the financial performance (FP) of 570 hotel companies operating hotel units in Portugal in 2017. To explore the question of brand affiliation, a comparison was made between hotel companies with similar stars rating and market orientation. In addition, this paper intends to fill a gap in literature studying the Portuguese reality on the subject of brand affiliation. Design/methodology/approach The present study uses a methodology based on data envelopment analysis (DEA) to assess the overall performance for each company, which further decomposed into the within-group performance and the technological gap. The performance of the hotel company is assessed through the aggregation of multiple financial indicators using the composite indicator (CI) derived from the DEA model. A bivariate analysis based on the Tobit regression to test the robustness of brand effect on FP of hotel companies (HC) was also included. Findings The empirical results show that branded companies, on average, have significantly better overall FP than non-branded companies. On the one hand, the brand effect tends to improve the within-group FP of HCs and the brand presents a statistically significant positive effect on the FP. On the other hand, the best practices are observed in both branded and non-branded companies. Practical implications The results of this study illustrate that, globally, the better FP of the branded companies is because of their individual relative companies' performance and a better model of operation given by the brand effect. Brand affiliation will generally allow for a better FP and essentially a better profitability for invested equity, a higher return on sales and a higher value added per employee. Originality/value The study provides important theoretical and practical contributions that can assist the strategic decision of the HCs in choosing to operate independently or to adopt brand affiliation. Also, it is innovative because the FP of branded and non-branded HCs is measured not using a set of individual financial ratios but through a single CI that aggregates those financial ratios, using a DEA model.

2021

Impact of environmental concerns on the capacity-pricing problem in the car rental business

Authors
Queiros, F; Oliveira, BB;

Publication
JOURNAL OF CLEANER PRODUCTION

Abstract
One of the main decisions that a car rental company has to make regards the definition of the fleet size and mix, i.e., the capacity to meet demand. This demand is highly unpredictable and price-sensitive; thus, the definition of the prices charged influences capacity decisions. Moreover, capacity decisions are also linked to other company strategies to meet demand, such as offering upgrades or transferring empty cars between stations. Typically, these problems are tackled focusing on the maximization of profits, disregarding the environmental impacts associated with these decisions. There is a growing need for models and analytical tools that can support decisions considering the trade-off between profit and environmental impact in mobility. Therefore, this work incorporates environmental concerns into the capacity-pricing problem for car rental, proposing a bi-objective model to tackle the trade-off between profit and environmental impact. The Life Cycle Assessment method is applied not only to vehicles but also to fuel to define environmental parameters accurately. Four types of vehicles are considered: internal combustion engine vehicles, hybrids, hybrids plug-in, and electric vehicles. Solving multi-objective models is a computationally challenging problem, which requires efficient and applicable methods. These methods can support policy and business decisions in a real-world context, running different scenarios and evaluating solutions under varying conditions. Due to its efficiency in solving bi-objective models, an Epsilon-constraint method is developed and applied in diverse situations to retrieve managerial insights. The results obtained enable quantifying the feasible trade-offs, overall showing that, on average, with a decrease of 14.44% in financial results, it is possible to obtain a decrease of 63.41% in environmental impact. Additional insights are also retrieved related to the fleet, fuel, prices and demand.

2021

The impact of time windows constraints on metaheuristics implementation: a study for the Discrete and Dynamic Berth Allocation Problem (May, 10.1007/s10489-021-02420-4, 2021)

Authors
Barbosa, F; Rampazzo, PCB; de Azevedo, AT; Yamakami, A;

Publication
APPLIED INTELLIGENCE

Abstract

2021

Adaptive Sequence-Based Heuristic for Two-Dimensional Non-guillotine Packing Problems

Authors
Oliveira, Ó; Gamboa, D; Silva, E;

Publication
Springer Proceedings in Mathematics and Statistics

Abstract
We present heuristics for two related two-dimensional non-guillotine packing problems. The first problem aims to pack a set of items into the minimum number of larger identical bins, while the second aims to pack the items that generates most value into one bin. Our approach successively creates sequences of items that defines a packing order considering knowledge obtained from sequences previously generated. Computational experiments demonstrated that the proposed heuristics are very effective in terms of solution quality with small computing times. © 2021, Springer Nature Switzerland AG.

2021

Immersive Systems in Human-Centered Manufacturing: The Informational Dimension

Authors
Ramalho, FR; Soares, AL; Almeida, AH;

Publication
BOOSTING COLLABORATIVE NETWORKS 4.0: 21ST IFIP WG 5.5 WORKING CONFERENCE ON VIRTUAL ENTERPRISES, PRO-VE 2020

Abstract
The rise of smart manufacturing environments, characterized by high quantity of data/information available, contributes to a growing interest and research towards the use of immersive technologies not only in factories but also across entire value chains. New immersive technologies and devices are being developed to improve cooperation within Collaborative Networks (CNs), especially in the human-machine hybrid networks context. The application of these technologies in such complex environments expands substantially the modes how information is delivered and used, which may exacerbate one of the oldest problems of cognitive ergonomics: information overload. Therefore, this work presents applications of immersive technologies in manufacturing into the perspective of "information work" and "immersive human-centered manufacturing systems". A framework is proposed to be developed in a FabLab to understand the worker needs and interactions. This FabLab aims to demonstrate the potential/real application of immersive technologies, towards the enhancement of the human worker cognitive capabilities.

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