The impact of flexibility on operational supply chain planning

The impact of flexibility on operational supply chain planning

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Article ID: iaor20119088
Volume: 134
Issue: 2
Start Page Number: 300
End Page Number: 311
Publication Date: Dec 2011
Journal: International Journal of Production Economics
Authors: ,
Keywords: planning, programming: probabilistic, demand
Abstract:

We study in this paper the effects of volume flexibility, delivery flexibility and operational decision flexibility in operational supply chain planning under uncertain demand. We use a rolling schedule to plan supply chain operations for a whole year. The planning horizon is 4 weeks with deterministic demand in the first week and predicted for the following 3 weeks. Using a case from the Norwegian meat industry, we compare the annual operating results of using a two‐stage stochastic programming model to the deterministic expected value problem in order to discuss the impact of flexibility in the supply chain.

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