The impact of a Stochastic Linear Programming (SLP) based Decision Support System in a manufacturing company, such as an integrated aluminum plant, is measured by two …
This study examines how supply chain management can use stochastic optimization models to overcome the problems associated with decision-making uncertainty. The study's primary …
We introduce a multiple scenario, multiple period, optimization-based decision support system (DSS) for strategic planning in a process industry. The DSS is based on a two stage …
Material Requirements Planning (MRP), a core component of enterprise resource planning (ERP) systems, is widely used by manufacturers to determine the production lot sizes of …
Motivated by the challenges encountered in sawmill production planning, we study a multi- product, multi-period production planning problem with uncertainty in the quality of raw …
This study proposes a multi-stage stochastic production planning approach for a joint lot sizing and workforce scheduling problem under demand uncertainty. Scenario trees are …
C Bisset, SE Terblanche - South African Journal of Industrial …, 2021 - journals.co.za
Optimisation under uncertainty, also referred to as stochastic optimisation, originated during the 1950s. This research field was later extended into prominent application areas, including …
MS Sodhi, CS Tang - Journal of the Operational Research Society, 2011 - Taylor & Francis
We show how to extend the demand-planning stage of the sales-and-operations-planning (S&OP) process with a spreadsheet implementation of a stochastic programming model that …
The main objective of this work is to develop an optimization model for the supply chain of a petrochemical company operating under uncertain operating and economic conditions. First …