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Author:Chapman, C. B.
Ward, S. C.
Title:Modular decision-analysis - a production-scheduling illustration
Journal:Journal of the Operational Research Society
1987 : SEP, VOL. 38:9, p.803-8l4
Index terms:DYNAMIC PROGRAMMING
PRODUCTION SCHEDULING
DECISION ANALYSIS
Language:eng
Abstract:An extensive graphical approach is described, based on an aspect of modular decision analysis, which avoids most of the limitations of the decision-network approach. The existence of separability in a decision problem can be exploited using the value-iteration procedure of dynamic programming. A series of linked, two-dimensional state-action diagrams provides a clearer presentation of the program. Direct use of a criterion function and constraints, sensitivity and robustness analysis facilitates the determination of good strategies. The approach can be used to consider additional problem complexities.
SCIMA record nr: 68755
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