Joint Pricing and Production Planning of Multi-period Multi-product Systems with Uncertainty in Demand
In this paper, we present a multiperiod model for production planning in a make-to-stock manufacturing system with constant pricing under uncertainty. We consider a multiproduct capacitated setting and introduce a demand-based model where the demand is a function of the price. There is an assumption...
| Main Authors: | , |
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| Format: | Journal Article |
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Yokohama Publishers
2012
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| Online Access: | http://www.ybook.co.jp/online2/oppjo/accept/pjoc310-1109s.pdf http://hdl.handle.net/20.500.11937/29564 |
| _version_ | 1848752837964595200 |
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| author | Caccetta, Louis Mardaneh, Elham |
| author_facet | Caccetta, Louis Mardaneh, Elham |
| author_sort | Caccetta, Louis |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | In this paper, we present a multiperiod model for production planning in a make-to-stock manufacturing system with constant pricing under uncertainty. We consider a multiproduct capacitated setting and introduce a demand-based model where the demand is a function of the price. There is an assumption that the production setup costs are negligible. A key part of the model is that the uncertain price / demand function is chosen from a discrete set of scenarios. As a result of this, the problem becomes a non linear programming problem with the nonlinearities only in the objective function. We develop a robust optimization model for this problem that considers the optimality and feasibility of all scenarios. The robust solution is obtained by solving a series of nonlinear programming problems. We illustrate our methodology with detailed numerical examples. |
| first_indexed | 2025-11-14T08:14:58Z |
| format | Journal Article |
| id | curtin-20.500.11937-29564 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T08:14:58Z |
| publishDate | 2012 |
| publisher | Yokohama Publishers |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-295642017-01-30T13:13:46Z Joint Pricing and Production Planning of Multi-period Multi-product Systems with Uncertainty in Demand Caccetta, Louis Mardaneh, Elham In this paper, we present a multiperiod model for production planning in a make-to-stock manufacturing system with constant pricing under uncertainty. We consider a multiproduct capacitated setting and introduce a demand-based model where the demand is a function of the price. There is an assumption that the production setup costs are negligible. A key part of the model is that the uncertain price / demand function is chosen from a discrete set of scenarios. As a result of this, the problem becomes a non linear programming problem with the nonlinearities only in the objective function. We develop a robust optimization model for this problem that considers the optimality and feasibility of all scenarios. The robust solution is obtained by solving a series of nonlinear programming problems. We illustrate our methodology with detailed numerical examples. 2012 Journal Article http://hdl.handle.net/20.500.11937/29564 http://www.ybook.co.jp/online2/oppjo/accept/pjoc310-1109s.pdf Yokohama Publishers restricted |
| spellingShingle | Caccetta, Louis Mardaneh, Elham Joint Pricing and Production Planning of Multi-period Multi-product Systems with Uncertainty in Demand |
| title | Joint Pricing and Production Planning of Multi-period Multi-product Systems with Uncertainty in Demand |
| title_full | Joint Pricing and Production Planning of Multi-period Multi-product Systems with Uncertainty in Demand |
| title_fullStr | Joint Pricing and Production Planning of Multi-period Multi-product Systems with Uncertainty in Demand |
| title_full_unstemmed | Joint Pricing and Production Planning of Multi-period Multi-product Systems with Uncertainty in Demand |
| title_short | Joint Pricing and Production Planning of Multi-period Multi-product Systems with Uncertainty in Demand |
| title_sort | joint pricing and production planning of multi-period multi-product systems with uncertainty in demand |
| url | http://www.ybook.co.jp/online2/oppjo/accept/pjoc310-1109s.pdf http://hdl.handle.net/20.500.11937/29564 |