Impact of COVID-19 on forecasting and aggregate production planning: a case study

Katelyn Thompson, Johnathan Munn and Hari K. Rajagopalan

International Journal of Process Management and Benchmarking, 2023, vol. 14, issue 2, 155-175

Abstract: Forecasting and aggregate production planning (APP) are interrelated. Forecasting is used to estimate demand. Aggregate production planning uses the demand forecast to balance capacity requirements and production quantities for medium-term planning horizons. These plans provide input for further planning steps. In 2020, COVID-19 disrupted the forecast and required a re-evaluation of the production plans for the rest of the year. This paper presents a case study investigating the impact of COVID-19 on the Aggregate Production Plan for Sonoco's Rigid Paper and Closures Division plant in the southern United States. The forecast for 2020 was developed using demand data from 2014-2019. The aggregate production plan was developed using linear programming formulation. Multiple scenarios were constructed with managerial implications on decisions made for 2020.

Keywords: time series forecasting; aggregate production planning; APP; decision support systems. (search for similar items in EconPapers)
Date: 2023
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