Paper Info
Title
Production planning with uncertain demands and real options
Abstract
This paper proposes options based sales contracts for manufacturing enterprises to handle fluctuating demands. It presents a stochastic programming model for aggregate production planning with demands of different types such as uncertain forecasts, forward contracts and real options. Both call options by the buyers and put options by the enterprise are considered. The proposed procedure guides the selection of `call options' among those offered and the quantities for new `put options' along with a feasible production plan.
Year
DOI
Venue
2014
10.1109/CoASE.2014.6899400
Automation Science and Engineering
Keywords
Field
DocType
manufacturing industries,production planning,stochastic programming,call option selection,fluctuating demands,manufacturing enterprises,production planning,put options,real options,stochastic programming model,uncertain demands
Aggregate planning,Actuarial science,Computer science,Manufacturing enterprises,Stochastic process,Operations research,Production planning,Stochastic programming,Forward contract
Conference
Citations 
PageRank 
References 
0
0.34
2
Authors
2
Name
Order
Citations
PageRank
Sivaramakumar, G.R.100.34
Sanjay Jain21647177.87