Uncertainty quantification with risk measures in production planning
Optimization and Control
2019-05-14 v1 Probability
Abstract
This paper is concerned with a simulation study for a stochastic production network model, where the capacities of machines may change randomly. We introduce performance measures motivated by risk measures from finance leading to a simulation based optimization framework for the production planning. The same measures are used to investigate the scenario when capacities are related to workers that are randomly not available. This corresponds to the study of a workforce planning problem in an uncertain environment.
Cite
@article{arxiv.1905.05014,
title = {Uncertainty quantification with risk measures in production planning},
author = {Simone Göttlich and Stephan Knapp},
journal= {arXiv preprint arXiv:1905.05014},
year = {2019}
}
Comments
18 pages