Analytics with stochastic optimisation: experimental results of demand uncertainty in process industries

N Gupta, G Dutta, K Mitra… - International Journal of …, 2023 - Taylor & Francis
This study reports the test results of a two-stage stochastic linear programming (SLP) model
with recourse using a user-friendly generic decision support system (DSS) in a North …

New decision support system for strategic planning in process industries: Computational results

G Dutta, N Gupta, J Mandal, MK Tiwari - Computers & Industrial …, 2018 - Elsevier
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 …

[PDF][PDF] Stochastic Optimization Models for Supply Chain Management: Integrating Uncertainty into Decision-Making Processes

DR Goda, SR Yerram, SR Mallipeddi - Global Disclosure of …, 2018 - academia.edu
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 …

An expanded database structure for a class of multi-period, stochastic mathematical programming models for process industries

N Gupta, G Dutta, R Fourer - Decision Support Systems, 2014 - Elsevier
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 under demand uncertainty using stochastic optimization

S Thevenin, Y Adulyasak… - Production and …, 2021 - journals.sagepub.com
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 …

A multi-stage stochastic programming approach for production planning with uncertainty in the quality of raw materials and demand

M Kazemi Zanjani, M Nourelfath… - International Journal of …, 2010 - Taylor & Francis
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 …

Multi-stage scenario-based stochastic programming for managing lot sizing and workforce scheduling at Vestel

SA Seyfi, İ Yanıkoğlu, G Yılmaz - Annals of Operations Research, 2023 - Springer
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 …

A systematic literature review on stochastic programming models in the retail industry

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 …

Determining supply requirement in the sales-and-operations-planning (S&OP) process under demand uncertainty: a stochastic programming formulation and a …

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 …

Optimizing the supply chain of a petrochemical company under uncertain operating and economic conditions

HMS Lababidi, MA Ahmed, IM Alatiqi… - Industrial & …, 2004 - ACS Publications
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 …