Journal
INTERNATIONAL JOURNAL OF PRODUCTION ECONOMICS
Volume 134, Issue 2, Pages 300-311Publisher
ELSEVIER
DOI: 10.1016/j.ijpe.2009.11.004
Keywords
Supply chain planning; Flexibility; Stochastic programming; Demand forecasting
Categories
Funding
- Norwegian Research Council
- Center for Research-based Innovation SFI NORMAN
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We study in this paper the effects of volume flexibility, delivery flexibility and operational decision flexibility in operational supply chain planning under uncertain demand. We use a rolling schedule to plan supply chain operations for a whole year. The planning horizon is 4 weeks with deterministic demand in the first week and predicted for the following 3 weeks. Using a case from the Norwegian meat industry, we compare the annual operating results of using a two-stage stochastic programming model to the deterministic expected value problem in order to discuss the impact of flexibility in the supply chain. (C) 2009 Elsevier B.V. All rights reserved.
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