Uncertainty and Production Planning

Stephen C. Graves ()
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Stephen C. Graves: MIT

Chapter Chapter 5 in Planning Production and Inventories in the Extended Enterprise, 2011, pp 83-101 from Springer

Abstract: Abstract The intent of this chapter is to review and discuss how uncertainty is handled in production planning. We describe and critique current practices and then prescribe possible improvements to these practices. In particular, we argue that there are a set of tactical decisions that are critical to the proper handling of uncertainty in production planning. We observe that current planning systems do not provide adequate decision support for these tactical decisions; we regard this shortcoming as an opportunity for new research and development, which could significantly improve the practice of production planning.

Keywords: Lead Time; Planning System; Production Planning; Demand Forecast; Safety Stock (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (10)

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Persistent link: https://EconPapers.repec.org/RePEc:spr:isochp:978-1-4419-6485-4_5

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DOI: 10.1007/978-1-4419-6485-4_5

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