Stochastic operational planning model for production and distribution in a hi-tech manufacturing network

Sandeep Dulluri and N.R. Srinivasa Raghavan

International Journal of Operational Research, 2009, vol. 5, issue 2, 163-189

Abstract: Hi-tech industries are complex in nature, offering a variety of products, shorter product life-cycles, volatile demand. Hi-tech manufacturers are forced to commit in advance to the customers the amount they can deliver by the specified due-date. In this work, we consider a single manufacturer and multi-assembler supply chain setting with multiple products, multi-period demand, learning rates etc. We develop a stochastic optimisation model, wherein underlying scenarios happen to be Mixed Integer Linear Programs. We solve the stochastic MILPs via by simulation of scenarios. Our focus is mainly on the multi-product ATP strategies that maximise the net profit of the manufacturer.

Keywords: revenue management; multi-product available to promise; cancellation; manufacturing flexibility; lead time flexibility; manufacturing options; logistics options; operational planning; hi-tech manufacturing; simulation; stochastic optimisation; modelling; production planning; distribution planning; high technology; high-tech manufacturing; manufacturing networks. (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:ids:ijores:v:5:y:2009:i:2:p:163-189

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