Stochastic linear optimisation of an MPMP production planning model

• Published in: International journal of production economics Vol. 55; no. 1; pp. 87 - 96
• Main Authors: Akif Bakir, M., Byrne, Mike D.
• Format: Journal Article
• Language: English
• Published: Amsterdam Elsevier B.V 08.06.1998; Elsevier Science; Elsevier; Elsevier Sequoia S.A
• Series: International Journal of Production Economics
• Subjects: 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; Stochastic Linear Optimisation; Multi-product multi-period problem; LP model; Approximate method; Production planning; Linear programming; Profit; Experimental study; Multiple production; Stochastic programming

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...