Article ID: | iaor20041519 |
Country: | United Kingdom |
Volume: | 41 |
Issue: | 14 |
Start Page Number: | 3359 |
End Page Number: | 3374 |
Publication Date: | Jan 2003 |
Journal: | International Journal of Production Research |
Authors: | Liao Hung-Chang, Chen Yan-Kwang |
Keywords: | decision theory: multiple criteria |
This paper discusses methods of selecting optimally efficient production plans to address aggregate production planning problems that involve fluctuations in product demand. Traditional single objective function approaches to this type of problem may prove complex or impractical in application. Thus, this paper begins by proposing a new model incorporating multiple production criteria, and then goes on to develop simplified production strategies via the new model. MADM approaches are used to select the most efficient APP strategy. A multiple-product fixed-workforce example presented in Thompson