Aversion Dynamics – adaptive production control heuristics incorporating risk

There has been a well discussed gap between theory and practice in the area of planning and scheduling of dynamic situations such as open job shops. In this paper a number of heuristics and concepts for how to address part of the gap are summarized and discussed. The heuristics and algorithms focus on dynamic and adaptive risk control related to work assignment and work sequencing. A theme connecting the heuristics is that of Aversion Dynamics – the desire to schedule and plan to avoid or minimise perceived problems. We will present the summary of research results on Aversion Dynamics followed by suggestions for further research focusing on risk management.