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The specific design and managerial parameters which insurance providers have at their disposal include: 1. Premiums consistent with the product being viable assuming the initial premium are adequate to cover costs.
Thus, this study employs particle swarm optimization (PSO) algorithm which is with mutation based on similarity for simulation optimization in order to optimize the managerial parameters in production system.
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Managerial hazards have dynamic parameters related to active regulation/scrutiny: Temporal (frequency) Spatial (reach) Intensity (nature & degree) Exposure People and assets within the spatial boundaries ofthe hazard in question.
Farms were selected together with the local Farm and Breeder Association (Associazione Allevatori del Friuli Venezia Giulia, Codroipo, Italy; www.aafvg.it), which provided also information about individual milk records, reproductive parameters and managerial aspects.
The negative parameter for "Managerial Role" (β = −0.0307, p < 0.01) indicated that collaborative ties were less likely to be observed between physicians who had the same role in an organization.
The data included information on herd size, production parameters, housing conditions, managerial strategies, disease prevention, hygiene practices, cleaning and disinfection procedures, farrowing room and pen design as well as application of toltrazuril treatment.
The coefficient of the parameter for the "Managerial role" variable was negative, indicating that individuals with similar managerial roles were less likely to collaborate (β = -0.0307; p < 0.01).
Sensitivity analysis has been conducted to evaluate the impact of system parameters of interest and managerial insights have been drawn.
Several numerical examples were conducted to test the proposed model and draw managerial insights into how the key parameters affect the optimal system design.
The situation of multiple choices for a parameter exists in many managerial decision-making problems.
Useful managerial insights are derived from varying several parameters and analyzing the impact of different business strategies on various segments of the logistics network.
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CEO of Professional Science Editing for Scientists @ prosciediting.com