Why Do Plant Managers Struggle to Synchronize Production Capacity and Costs with Demand in Face of Volatility and Uncertainty? - Obstacles Within Strategizing Volume-Oriented Changeability in Practice.
Manuel RippelJohannes SchmiesterPaul SchönslebenPublished in: APMS (1) (2015)
Keyphrases
- production capacity
- production cost
- infinite horizon
- single item
- production system
- supply chain
- customer demand
- dynamic pricing
- inventory level
- inventory control
- uncertain demand
- lead time
- lot sizing
- expected cost
- inventory management
- optimal policy
- upper bound
- optimal control
- stochastic demand
- supply chain management
- total cost
- manufacturing systems
- production planning
- control system
- long run
- finite horizon
- planning horizon
- multi item
- dynamic programming
- decision making
- multistage
- service level
- lot size
- non stationary
- setup cost
- state dependent
- markov decision processes
- periodic review
- combinatorial auctions