Aversion Dynamics – adaptive production control heuristics incorporating risk

Aversion Dynamics – adaptive production control heuristics incorporating risk

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Article ID: iaor20072863
Country: Japan
Volume: 49
Issue: 3
Start Page Number: 152
End Page Number: 173
Publication Date: Sep 2006
Journal: Journal of the Operations Research Society of Japan
Authors: ,
Keywords: adaptive processes, heuristics, practice
Abstract:

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.

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