The impact of flexibility on operational supply chain planning

Peter Schütz and Asgeir Tomasgard

International Journal of Production Economics, 2011, vol. 134, issue 2, 300-311

Abstract: We study in this paper the effects of volume flexibility, delivery flexibility and operational decision flexibility in operational supply chain planning under uncertain demand. We use a rolling schedule to plan supply chain operations for a whole year. The planning horizon is 4 weeks with deterministic demand in the first week and predicted for the following 3 weeks. Using a case from the Norwegian meat industry, we compare the annual operating results of using a two-stage stochastic programming model to the deterministic expected value problem in order to discuss the impact of flexibility in the supply chain.

Keywords: Supply; chain; planning; Flexibility; Stochastic; programming; Demand; forecasting (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (7)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:proeco:v:134:y:2011:i:2:p:300-311

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