CASPIAN JOURNAL
MANAGEMENT AND HIGH TECHNOLOGIES
Calculation of optimal economic indicators of glycerol production
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Read | Balayev Vagif A., Kuliyev Zahid A., Agayev Ulduz Kh., Rahimov Shafahat R. Calculation of optimal economic indicators of glycerol production // Caspian journal : management and high technologies. — 2012. — №3. — pp. 48-54. |
Balayev Vagif A. - Ph.D. (Engineering), Sumgait State University, 43 quarter, Sumgait, AZ5000, Azerbaijan,, ulduz.1969@mail.ru
Kuliyev Zahid A. - Ph.D. (Engineering), Sumgait State University, 43 quarter, Sumgait, AZ5000, Azerbaijan,, ulduz.1969@mail.ru
Agayev Ulduz Kh. - Ph.D. (Engineering), Sumgait State University, 43 quarter, Sumgait, AZ5000, Azerbaijan,, ulduz.1969@mail.ru
Rahimov Shafahat R. - Ph.D. (Engineering), Sumgait State University, 43 quarter, Sumgait, AZ5000, Azerbaijan,, ulduz.1969@mail.ru
The method of dynamic programming is suitable for optimization of any complex systems described by not only differential equations but other mathematical apparatus, including various queuing systems and economic systems, the value of dynamic programming is simply another approach to solving problems, which gives a number of advantages. Therefore, this method is applied to glycerol production in order to find the optimal economic indicators. The controlled variables and control factors are determined to prepare for the dynamic programming problem for each site. Glycerol production is separated into two sections for calculation and the optimal values of their parameters are determined by the method of dynamic programming. In this regard, for each site economic indicators of production are determined and on the basis of dynamic programming the optimal values of economic indicators of production are found. In the present problem the controlled variable is raw material feed and control factors are intensity factors. These parameters vary within certain limits. The product yield according to the plan and control actions can be got from a set of different values of parameters. To solve the problem with the method of dynamic programming it is necessary to start with the last stage, i.e. from the 2nd site.
Key words: Technical and economic indicators,Glycerol,Intensity fаctor,Production costs,Dynamic programming,Optimal values