Displaying similar documents to “On modelling planning under uncertainty in manufacturing.”

On using multistage linking constraints for stochastic optimization as a decision-making aid

Laureano F. Escudero (1998)

Revista de la Real Academia de Ciencias Exactas Físicas y Naturales

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We present a model1ing framework for multistage planning problems under uncertainty in the objective function coefficients and right-hand-side. A multistagy scenario analysis scheme with partial recourse is used. So, the decisíon polícy can be implemented for a given set of initial time periods (so-called implementable time stage), such that the solution for the other periods lioes not need' to be anticipated and, then, it depends upon the scenario group to occur at each stage. In any...

A stochastic programming approach to managing liquid asset portfolios

Helgard Raubenheimer, Machiel F. Kruger (2010)

Kybernetika

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Maintaining liquid asset portfolios involves a high carry cost and is mandatory by law for most financial institutions. Taking this into account a financial institution's aim is to manage a liquid asset portfolio in an “optimal” way, such that it keeps the minimum required liquid assets to comply with regulations. In this paper we propose a multi-stage dynamic stochastic programming model for liquid asset portfolio management. The model allows for portfolio rebalancing decisions over...

Centralized decentralized production planning

Georgios K. Saharidis, Yves Dallery, Fikri Karaesmen (2006)

RAIRO - Operations Research

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In the course of globalization, many enterprises change their strategies and are coupled in partnerships with suppliers, subcontractors and customers. This coupling forms supply chains comprising several geographically distributed production facilities. Production planning in a supply chain is a complicated and difficult task, as it has to be optimal both for the local manufacturing units and for the whole supply chain network. In this paper two analytical models are used to solve the...