An optimal stochastic model for an agrochemical company

An optimal stochastic model for an agrochemical company

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Article ID: iaor2001795
Country: Philippines
Volume: XI
Issue: 2
Start Page Number: 1
End Page Number: 14
Publication Date: Apr 1997
Journal: Engineering Journal
Authors: ,
Keywords: simulation: applications, agriculture & food
Abstract:

This paper attempts to analyze the present problems in the production system of an agrochemical manufacturing company and proposes a solution methodology which will help improve the present operations. A stochastic production planning model is formulated and the optimal solution is approximated using a Simulation methodology.

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