The Role of Heuristic Methods as a Decision-Making Tool in Aggregate Production Planning

Mahmood B. Ridha

International Journal of Business Administration, 2015, vol. 6, issue 2, 68-76

Abstract: This study aims to explain the role of heuristic methods in the decision making process and as a tool for knowledge capture. As a result, we conclude that heuristic methods give better support to the decision maker than mathematical models in many cases especially when time and cost are critical factors in decision making.

Keywords: heuristic method; production planning; decision making; dynamic programming (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:jfr:ijba11:v:6:y:2015:i:2:p:68-76

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