Optimization of Manufacturing processes in Steel Industry: An Industrial Case study

Authors

  • Sanoj Kumar Karki

Abstract

‘This paper presents an integrated, optimization model that aims at helping steelmakers to make strategic decisions and improve overall profitability by optimizing raw material procurement and adjusting sales and operation planning based on ever changing market conditions. Successful implementation of this model at a steel company can achieve annual benefit of several Euros per ton of steel. The benefit is demonstrated through two real-world case studies

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Published

2021-07-01