Please use this identifier to cite or link to this item: https://scholarbank.nus.edu.sg/handle/10635/72296
DC FieldValue
dc.titleBenchmarking of a stochastic production planning model in a simulation testbed
dc.contributor.authorRiaño, G.
dc.contributor.authorSerfozo, R.
dc.contributor.authorHackman, S.
dc.contributor.authorNg, S.H.
dc.contributor.authorChan, L.P.
dc.contributor.authorLendermann, P.
dc.date.accessioned2014-06-19T04:53:19Z
dc.date.available2014-06-19T04:53:19Z
dc.date.issued2003
dc.identifier.citationRiaño, G.,Serfozo, R.,Hackman, S.,Ng, S.H.,Chan, L.P.,Lendermann, P. (2003). Benchmarking of a stochastic production planning model in a simulation testbed. Winter Simulation Conference Proceedings 2 : 1183-1191. ScholarBank@NUS Repository.
dc.identifier.issn02750708
dc.identifier.urihttp://scholarbank.nus.edu.sg/handle/10635/72296
dc.description.abstractA major problem in production planning is to determine when to release products into production to meet forecasted requirements. Recently, Riaño et al. (2002) proposed the Stochastic Production Planning (SPP) model for a multi-period, multi-product system, where the lead time to produce a product may be random. The model determines release times for the products that ensure the requirements in each time period are met with desired probabilities at a minimum cost. This paper describes how an advanced planning model like SPP can be integrated with discrete event simulation models to make the simulations more realistic and informative. This paper also compares the performance of the SPP model with the classical MRP (materials requirements planning) model, and with a stochastic variation of the MRP model in a simulation study. The costs associated with the production plans from SPP are about 10% less than the costs from the other two models.
dc.sourceScopus
dc.typeConference Paper
dc.contributor.departmentINDUSTRIAL & SYSTEMS ENGINEERING
dc.description.sourcetitleWinter Simulation Conference Proceedings
dc.description.volume2
dc.description.page1183-1191
dc.description.codenWSCPD
dc.identifier.isiutNOT_IN_WOS
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