Name
Abstract | ||
|---|---|---|
In this paper, the problem of capacity planning under risk from demand and price/cost uncertainty of the finished products is addressed. The deterministic model is extended into a two-stage stochastic model with fixed recourse by means of various expected levels of demand as random. A recourse penalty is also included in the objective for both shortage and surplus in the finished products. The model is analysed to quantify the risk using Markowitz mean-variance model. |
Year | DOI | Venue |
|---|---|---|
2014 | 10.1504/IJIEI.2014.066209 | International Journal of Intelligent Engineering Informatics |
Keywords | Field | DocType |
problem,optimization,capacity,modeling,stochastic,planning,plant | Stochastic optimization,Mathematical optimization,Computer science,Capacity planning,Stochastic modelling,Deterministic system,Economic shortage | Journal |
Volume | Issue | ISSN |
2 | 2/3 | 1758-8715 |
Citations | PageRank | References |
2 | 0.39 | 4 |
Authors | ||
4 | ||
Name | Order | Citations | PageRank |
|---|---|---|---|
| Anoop Verma | 1 | 2 | 0.39 |
| Nagesh Shukla | 2 | 33 | 6.76 |
| Satish K. Tyagi | 3 | 31 | 2.89 |
| Nishikant Mishra | 4 | 57 | 7.42 |