Speculative production and anticipative reservation of reactive capacity by a multi-product newsvendor.
Marc ReimannPublished in: Eur. J. Oper. Res. (2011)
Keyphrases
- production capacity
- expected profit
- single item
- production cost
- infinite horizon
- production planning
- stochastic demand
- production processes
- product quality
- lot sizing
- distribution networks
- inventory policy
- raw material
- production process
- lead time
- risk averse
- supply chain
- limited capacity
- manufacturing process
- upper bound
- quality control
- production system
- customer demand
- production line
- manufacturing companies
- product design
- capacity expansion
- demand uncertainty
- customer orders
- production scheduling
- risk neutral
- decision makers
- optimal control
- blocking probability
- optimal production
- capacity planning
- multi item