| Article ID: | iaor19992256 |
| Country: | Netherlands |
| Volume: | 55 |
| Issue: | 1 |
| Start Page Number: | 87 |
| End Page Number: | 96 |
| Publication Date: | Jun 1998 |
| Journal: | International Journal of Production Economics |
| Authors: | Bakir A. Akif, Byrne Mike D. |
| Keywords: | programming: linear |
The subject of this paper is to study a realistic planning environment for a multi-product multi-period problem with stochastic demand. We develop here a new demand stochastic LP model based mainly on the two-stage deterministic equivalent problem. In this paper, the normally distributed stochastic demand is approximated by a discrete approximation method.