Stochastic linear optimisation of an MPMP production planning model

Stochastic linear optimisation of an MPMP production planning model

The subject of this paper is to study a realistic planning environment for a multi-product multi-period problem with stochastic demand. We develop here a new demand stochastic LP model based mainly on the two-stage deterministic equivalent problem. In this paper, the normally distributed stochastic...

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Veröffentlicht in:International journal of production economics 1998-06, Vol.55 (1), p.87-96
Hauptverfasser: Akif Bakir, M., Byrne, Mike D.
Format: Artikel
Sprache:eng
Schlagworte:
Applied sciences
Exact sciences and technology
Linear programming
LP model
Multi-product multi-period problem
Operational research and scientific management
Operational research. Management science
Optimization
Planning. Forecasting
Production planning
Statistical analysis
Stochastic Linear Optimisation
Stochastic models
Studies
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Beschreibung
Zusammenfassung:The subject of this paper is to study a realistic planning environment for a multi-product multi-period problem with stochastic demand. We develop here a new demand stochastic LP model based mainly on the two-stage deterministic equivalent problem. In this paper, the normally distributed stochastic demand is approximated by a discrete approximation method.
ISSN:0925-5273
1873-7579
DOI:10.1016/S0925-5273(98)00060-7