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- W858775941 abstract "This paper considers single-product and inventory management problem where cumulative demands up to each time period are mutually independent random variables(known) having continuous probability distributions and the associated cost-minimizing schedule (when to produce and how much to produce) need be determined in rolling horizon environment. For the problem, both the cost and the inventory holding and backlogging costs are included in the whole system cost. The probability distributions of these costs are expressed in terms of random demands, and utilized to exploit a solution procedure for a schedule which minimizes the expected unit time system cost and also reduces the probability of rist that, for the first-period of each cycle (rolling horizon), the cost of the production option will exceed that of the non-production one. Numerical examples are presented for the solution procedure illustration.cedure illustration." @default.
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- W858775941 date "1989-12-01" @default.
- W858775941 modified "2023-09-24" @default.
- W858775941 title "A Stochastic Production Planning Problem in Rolling Horizon Environment" @default.
- W858775941 hasPublicationYear "1989" @default.
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