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| Author: | Kleijnen, J. P. C. Gaury, E. |
| Title: | Short-term robustness of production management systems: a case study |
| Journal: | European Journal of Operational Research
2003 : JUL, VOL. 148:2, p. 452-465 |
| Index terms: | Risk analysis Long range planning Scenarios Manufacturing Inventory control |
| Language: | eng |
| Abstract: | Whereas operational research concentrates on optimization, practitioners find the robustness of a proposed solution more important. Therefore this paper presents a practical methodology that is a stagewise combination of tour proven techniques: (1) simulation, (2) optimization, (3) risk or uncertainty analysis, and (4) bootstrapping. This methodology is illustrated through a producition-control study. This illustration defines robustness as the capability to maintain shorterm service, in a variety of environments (scenarios); this is, the probability of the short-term fill-rate remains within a prespecified range. |
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