Stochastic Programming Model for Production Planning with Stochastic Aggregate Demand and Spreadsheet-based Solution Heuristics
By discretising the stochastic demand, a deterministic nonlinear programming formulation is developed. Then, a hybrid simulation-optimisation heuristic that capitalises on the nature of the problem is designed. The outcome is an evaluation problem that is efficiently solved using a spreadsheet model...
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| Format: | Article |
| Language: | English |
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Wrocław University of Science and Technology
2021-01-01
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| Series: | Operations Research and Decisions |
| Online Access: | https://ord.pwr.edu.pl/assets/papers_archive/1604 - published.pdf |