FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W2756662155> ?p ?o ?g. }

• W2756662155 endingPage "76" @default.
• W2756662155 startingPage "58" @default.
• W2756662155 abstract "We consider a multiperiod planning problem faced by a biopharmaceutical firm that must coordinate the production and allocation of batches of intermediate products to end products for multiple markets. This is a challenging problem to solve optimally, so we derive a theoretical bound on the performance of a deterministic control (DC) in which all random variables are replaced by their expected values and the corresponding deterministic optimization problem is solved. This is a variant of an approach that is widely used in practice. We show that while DC can perform poorly in some instances, simple reoptimizations of DC (i.e., certainty equivalent control (CEC)) improve the performance of DC. That said, the benefit of reoptimization decreases as the magnitude of demand variation increases. To address this, and also to provide guidance for heuristic design, we derive performance bounds for two additional heuristic controls—(1) open-loop feedback control (OLFC), which reoptimizes a sequence of stochastic programs with a complete demand distribution information, and (2) multipoint approximation control (MPAC), which solves a dynamic program using an approximate demand distribution that incorporates slightly more distributional information beyond simple expected values. We show that although OLFC outperforms CEC, its improvement can be limited. On the other hand, with carefully chosen approximate demand distributions, MPAC can significantly outperform OLFC. This suggests that, in our setting, fully capturing decision dynamics coupled with a small amount of additional distributional information beyond expected values is more useful than fully capturing the demand distribution but coupling that with insufficient modeling of decision dynamics. The online appendix is available at https://doi.org/10.1287/opre.2017.1647 ." @default.
• W2756662155 created "2017-10-06" @default.
• W2756662155 creator A5003642180 @default.
• W2756662155 creator A5004597766 @default.
• W2756662155 creator A5010467794 @default.
• W2756662155 creator A5034142159 @default.
• W2756662155 date "2018-02-01" @default.
• W2756662155 modified "2023-10-17" @default.
• W2756662155 title "Analysis of Deterministic Control and Its Improvements for an Inventory Problem with Multiproduct Batch Differentiation" @default.
• W2756662155 cites W1486454173 @default.
• W2756662155 cites W1972066735 @default.
• W2756662155 cites W1986352749 @default.
• W2756662155 cites W2014873662 @default.
• W2756662155 cites W2031003570 @default.
• W2756662155 cites W2031014648 @default.
• W2756662155 cites W2062874203 @default.
• W2756662155 cites W2067128028 @default.
• W2756662155 cites W2070223271 @default.
• W2756662155 cites W2102214116 @default.
• W2756662155 cites W2110998995 @default.
• W2756662155 cites W2117699532 @default.
• W2756662155 cites W2133678872 @default.
• W2756662155 cites W2134109880 @default.
• W2756662155 cites W2136768128 @default.
• W2756662155 cites W2142326735 @default.
• W2756662155 cites W2144273693 @default.
• W2756662155 cites W2149968347 @default.
• W2756662155 cites W2160760078 @default.
• W2756662155 cites W2160998171 @default.
• W2756662155 cites W2168034136 @default.
• W2756662155 cites W2528374652 @default.
• W2756662155 cites W3124309159 @default.
• W2756662155 doi "https://doi.org/10.1287/opre.2017.1647" @default.
• W2756662155 hasPublicationYear "2018" @default.
• W2756662155 type Work @default.
• W2756662155 sameAs 2756662155 @default.
• W2756662155 citedByCount "8" @default.
• W2756662155 countsByYear W27566621552018 @default.
• W2756662155 countsByYear W27566621552019 @default.
• W2756662155 countsByYear W27566621552020 @default.
• W2756662155 countsByYear W27566621552021 @default.
• W2756662155 countsByYear W27566621552022 @default.
• W2756662155 crossrefType "journal-article" @default.
• W2756662155 hasAuthorship W2756662155A5003642180 @default.
• W2756662155 hasAuthorship W2756662155A5004597766 @default.
• W2756662155 hasAuthorship W2756662155A5010467794 @default.
• W2756662155 hasAuthorship W2756662155A5034142159 @default.
• W2756662155 hasConcept C110121322 @default.
• W2756662155 hasConcept C111472728 @default.
• W2756662155 hasConcept C117938511 @default.
• W2756662155 hasConcept C126255220 @default.
• W2756662155 hasConcept C134306372 @default.
• W2756662155 hasConcept C138885662 @default.
• W2756662155 hasConcept C139719470 @default.
• W2756662155 hasConcept C154945302 @default.
• W2756662155 hasConcept C162324750 @default.
• W2756662155 hasConcept C173801870 @default.
• W2756662155 hasConcept C2775924081 @default.
• W2756662155 hasConcept C2778348673 @default.
• W2756662155 hasConcept C2780586882 @default.
• W2756662155 hasConcept C33923547 @default.
• W2756662155 hasConcept C41008148 @default.
• W2756662155 hasConcept C42475967 @default.
• W2756662155 hasConcept C77553402 @default.
• W2756662155 hasConceptScore W2756662155C110121322 @default.
• W2756662155 hasConceptScore W2756662155C111472728 @default.
• W2756662155 hasConceptScore W2756662155C117938511 @default.
• W2756662155 hasConceptScore W2756662155C126255220 @default.
• W2756662155 hasConceptScore W2756662155C134306372 @default.
• W2756662155 hasConceptScore W2756662155C138885662 @default.
• W2756662155 hasConceptScore W2756662155C139719470 @default.
• W2756662155 hasConceptScore W2756662155C154945302 @default.
• W2756662155 hasConceptScore W2756662155C162324750 @default.
• W2756662155 hasConceptScore W2756662155C173801870 @default.
• W2756662155 hasConceptScore W2756662155C2775924081 @default.
• W2756662155 hasConceptScore W2756662155C2778348673 @default.
• W2756662155 hasConceptScore W2756662155C2780586882 @default.
• W2756662155 hasConceptScore W2756662155C33923547 @default.
• W2756662155 hasConceptScore W2756662155C41008148 @default.
• W2756662155 hasConceptScore W2756662155C42475967 @default.
• W2756662155 hasConceptScore W2756662155C77553402 @default.
• W2756662155 hasIssue "1" @default.
• W2756662155 hasLocation W27566621551 @default.
• W2756662155 hasOpenAccess W2756662155 @default.
• W2756662155 hasPrimaryLocation W27566621551 @default.
• W2756662155 hasRelatedWork W1585007175 @default.
• W2756662155 hasRelatedWork W2006422028 @default.
• W2756662155 hasRelatedWork W2144385241 @default.
• W2756662155 hasRelatedWork W2165950148 @default.
• W2756662155 hasRelatedWork W2291279760 @default.
• W2756662155 hasRelatedWork W2382521049 @default.
• W2756662155 hasRelatedWork W2951497643 @default.
• W2756662155 hasRelatedWork W3101625811 @default.
• W2756662155 hasRelatedWork W4253593777 @default.
• W2756662155 hasRelatedWork W4300101996 @default.
• W2756662155 hasVolume "66" @default.
• W2756662155 isParatext "false" @default.
• W2756662155 isRetracted "false" @default.

• next