Probabilistic assessment of loss in revenue generation in demand-driven production
In Demand-driven Production with Just-in-Time inputs, there are several sources of uncertainty which impact on the manufacturer’s ability to meet the required customer’s demand within the given time frame. This can result in a loss of revenue and customers, which will have undesirable impacts on the...
| Main Authors: | , , , |
|---|---|
| Format: | Journal Article |
| Published: |
Chapman & Hall
2011
|
| Subjects: | |
| Online Access: | http://hdl.handle.net/20.500.11937/20583 |
| _version_ | 1848750346335158272 |
|---|---|
| author | Hussain, Omar Dillon, Tharam Hussain, Farookh Khadeer Chang, Elizabeth |
| author_facet | Hussain, Omar Dillon, Tharam Hussain, Farookh Khadeer Chang, Elizabeth |
| author_sort | Hussain, Omar |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | In Demand-driven Production with Just-in-Time inputs, there are several sources of uncertainty which impact on the manufacturer’s ability to meet the required customer’s demand within the given time frame. This can result in a loss of revenue and customers, which will have undesirable impacts on the financial aspects and on the viability of the manufacturer. Hence, a key concern for manufacturers in just-in-time production is to determine whether they can meet a specific level of demand within a given time frame, to meet the customers’ orders and also to achieve the required revenue target for that period of time. In this paper, we propose a methodology by which a manufacturer can ascertain the probability of not meeting the required demand within a given period by considering the uncertainties in the availability of production units and raw materials, and the loss of financial revenue that it would experience as a result. |
| first_indexed | 2025-11-14T07:35:22Z |
| format | Journal Article |
| id | curtin-20.500.11937-20583 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T07:35:22Z |
| publishDate | 2011 |
| publisher | Chapman & Hall |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-205832017-09-13T16:09:10Z Probabilistic assessment of loss in revenue generation in demand-driven production Hussain, Omar Dillon, Tharam Hussain, Farookh Khadeer Chang, Elizabeth Uncertainty Outage levels Expected demand Production units Just in time In Demand-driven Production with Just-in-Time inputs, there are several sources of uncertainty which impact on the manufacturer’s ability to meet the required customer’s demand within the given time frame. This can result in a loss of revenue and customers, which will have undesirable impacts on the financial aspects and on the viability of the manufacturer. Hence, a key concern for manufacturers in just-in-time production is to determine whether they can meet a specific level of demand within a given time frame, to meet the customers’ orders and also to achieve the required revenue target for that period of time. In this paper, we propose a methodology by which a manufacturer can ascertain the probability of not meeting the required demand within a given period by considering the uncertainties in the availability of production units and raw materials, and the loss of financial revenue that it would experience as a result. 2011 Journal Article http://hdl.handle.net/20.500.11937/20583 10.1007/s10845-011-0518-4 Chapman & Hall restricted |
| spellingShingle | Uncertainty Outage levels Expected demand Production units Just in time Hussain, Omar Dillon, Tharam Hussain, Farookh Khadeer Chang, Elizabeth Probabilistic assessment of loss in revenue generation in demand-driven production |
| title | Probabilistic assessment of loss in revenue generation in demand-driven production |
| title_full | Probabilistic assessment of loss in revenue generation in demand-driven production |
| title_fullStr | Probabilistic assessment of loss in revenue generation in demand-driven production |
| title_full_unstemmed | Probabilistic assessment of loss in revenue generation in demand-driven production |
| title_short | Probabilistic assessment of loss in revenue generation in demand-driven production |
| title_sort | probabilistic assessment of loss in revenue generation in demand-driven production |
| topic | Uncertainty Outage levels Expected demand Production units Just in time |
| url | http://hdl.handle.net/20.500.11937/20583 |