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Zero-order production planning models with stochastic demand and workload-dependent lead times

Tarik Aouam (UGent) and Reha Uzsoy
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Abstract
We present three different formulations of a simple production planning problem that treat workload-dependent lead times, limited capacity and stochastic demand in an integrated fashion. We compare chance-constrained models, two-stage stochastic programming and robust optimisation using computational experiments. Our results show that the robust optimisation approach is promising, but all the different models face different but challenging issues in addressing this complex problem. We also conclude that successful approximations to this difficult problem with the potential for practical implementation can be developed.
Keywords
SAFETY STOCKS, OF-THE-ART, UNCERTAIN DEMANDS, stochastic programming, LINEAR-PROGRAMMING MODELS, workload-dependent lead times, production planning, clearing functions, CLEARING FUNCTIONS, MRP SYSTEM, LIMITED PRODUCTION CAPACITY, robust optimisation, INVENTORY CONTROL, chance constraints, COST CRITERION, PRODUCTION SYSTEMS

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Please use this url to cite or link to this publication:

MLA
Aouam, Tarik, and Reha Uzsoy. “Zero-order Production Planning Models with Stochastic Demand and Workload-dependent Lead Times.” INTERNATIONAL JOURNAL OF PRODUCTION RESEARCH 53.6 (2015): 1661–1679. Print.
APA
Aouam, T., & Uzsoy, R. (2015). Zero-order production planning models with stochastic demand and workload-dependent lead times. INTERNATIONAL JOURNAL OF PRODUCTION RESEARCH, 53(6), 1661–1679.
Chicago author-date
Aouam, Tarik, and Reha Uzsoy. 2015. “Zero-order Production Planning Models with Stochastic Demand and Workload-dependent Lead Times.” International Journal of Production Research 53 (6): 1661–1679.
Chicago author-date (all authors)
Aouam, Tarik, and Reha Uzsoy. 2015. “Zero-order Production Planning Models with Stochastic Demand and Workload-dependent Lead Times.” International Journal of Production Research 53 (6): 1661–1679.
Vancouver
1.
Aouam T, Uzsoy R. Zero-order production planning models with stochastic demand and workload-dependent lead times. INTERNATIONAL JOURNAL OF PRODUCTION RESEARCH. 2015;53(6):1661–79.
IEEE
[1]
T. Aouam and R. Uzsoy, “Zero-order production planning models with stochastic demand and workload-dependent lead times,” INTERNATIONAL JOURNAL OF PRODUCTION RESEARCH, vol. 53, no. 6, pp. 1661–1679, 2015.
@article{5701894,
  abstract     = {We present three different formulations of a simple production planning problem that treat workload-dependent lead times, limited capacity and stochastic demand in an integrated fashion. We compare chance-constrained models, two-stage stochastic programming and robust optimisation using computational experiments. Our results show that the robust optimisation approach is promising, but all the different models face different but challenging issues in addressing this complex problem. We also conclude that successful approximations to this difficult problem with the potential for practical implementation can be developed.},
  author       = {Aouam, Tarik and Uzsoy, Reha},
  issn         = {0020-7543},
  journal      = {INTERNATIONAL JOURNAL OF PRODUCTION RESEARCH},
  keywords     = {SAFETY STOCKS,OF-THE-ART,UNCERTAIN DEMANDS,stochastic programming,LINEAR-PROGRAMMING MODELS,workload-dependent lead times,production planning,clearing functions,CLEARING FUNCTIONS,MRP SYSTEM,LIMITED PRODUCTION CAPACITY,robust optimisation,INVENTORY CONTROL,chance constraints,COST CRITERION,PRODUCTION SYSTEMS},
  language     = {eng},
  number       = {6},
  pages        = {1661--1679},
  title        = {Zero-order production planning models with stochastic demand and workload-dependent lead times},
  url          = {http://dx.doi.org/10.1080/00207543.2014.935514},
  volume       = {53},
  year         = {2015},
}

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