Bootstrapping to solve the limited data problem in production control: an application in batch process industries

Bootstrapping to solve the limited data problem in production control: an application in batch process industries

0.00 Avg rating0 Votes
Article ID: iaor20072125
Country: United Kingdom
Volume: 57
Issue: 1
Start Page Number: 2
End Page Number: 9
Publication Date: Jan 2006
Journal: Journal of the Operational Research Society
Authors: , , ,
Keywords: production, simulation
Abstract:

Batch process industries are characterized by complex precedence relationships among operations, which makes the estimation of an acceptable workload very difficult. Previous research indicated that a regression-based model that uses aggregate job set characteristics may be used to support order acceptance decisions. Applications of such models in real-life assume that sufficient historical data on job sets and the corresponding makespans are available. In practice, however, historical data may be very limited and may not be sufficient to produce accurate regression estimates. This paper shows that such a lack of data significantly impacts the performance of regression-based order acceptance procedures. To resolve this problem, we devised a method that uses the bootstrap principle. A simulation study shows that performance improvements are obtained when using the parameters estimated from the bootstrapped data set, demonstrating that this bootstrapping procedure can indeed solve the limited data problem in production control.

Reviews

Required fields are marked *. Your email address will not be published.