Future Capacity Procurements Under Unknown Demand and Increasing Costs.
Apostolos BurnetasStephen GilbertPublished in: Manag. Sci. (2001)
Keyphrases
- production cost
- optimal capacity
- capacity planning
- cost savings
- holding cost
- customer demand
- fixed cost
- expected profit
- capacity expansion
- production capacity
- total cost
- supply chain
- long term
- uncertain demand
- budget constraints
- transportation costs
- single item
- demand variability
- setup cost
- capacity allocation
- resource requirements
- planning horizon
- expected cost
- lead time
- stochastic demand
- inventory systems
- single product
- high demand
- high capacity
- capacity constraints
- neural network
- lost sales
- state dependent
- lot sizing
- real world