Material Requirements Planning Under Demand Uncertainty Using Stochastic Optimization

Material Requirements Planning (MRP), a core component of enterprise resource planning (ERP) systems, is widely used by manufacturers to determine the production lot sizes of components. These lot sizes are typically computed based on deterministic and dynamic demand assumptions, while safety stocks...

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Bibliographic Details
Published in:	Production and operations management Vol. 30; no. 2; pp. 475 - 493
Main Authors:	Thevenin, Simon, Adulyasak, Yossiri, Cordeau, Jean‐François
Format:	Journal Article
Language:	English
Published:	Los Angeles, CA SAGE Publications 01.02.2021 Wiley Subscription Services, Inc Blackwell Publishers Inc Wiley
Subjects:	Analysis Computer Science Enterprise resource planning Hedging (Finance) lot‐sizing Material requirements planning Operations Research Optimization Production planning stochastic optimization uncertain demand uncertain demand material requirements planning lot‐sizing stochastic optimization lot-sizing Material requirements planning
ISSN:	1059-1478, 1937-5956
Online Access:	Get full text
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