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Record W3091223737 · doi:10.1111/poms.13277

Material Requirements Planning Under Demand Uncertainty Using Stochastic Optimization

2020· article· en· W3091223737 on OpenAlexaff
Simon Thevenin, Yossiri Adulyasak, Jean‐François Cordeau

Bibliographic record

VenueProduction and Operations Management · 2020
Typearticle
Languageen
FieldBusiness, Management and Accounting
TopicSupply Chain and Inventory Management
Canadian institutionsGroup for Research in Decision AnalysisHEC Montréal
Fundersnot available
KeywordsHeuristicsComputer scienceStochastic programmingMathematical optimizationTime horizonRobust optimizationStochastic optimizationService levelHedgeDynamic programmingProduction planningOperations researchProduction (economics)EconomicsMathematics

Abstract

fetched live from OpenAlex

Material Requirements Planning (MRP), a core component of enterprise resource planning (ERP) systems, is widely used by manufacturers to determine the production lot sizes of components. These lot sizes are typically computed based on deterministic and dynamic demand assumptions, while safety stocks, which hedge against demand uncertainty, are determined independently based on different assumptions. As the lot sizes and safety stocks are not determined simultaneously, sub‐optimal decisions are often used in practice. The critical impact of inventories and service levels in manufacturing motivates the study of stochastic optimization methods for MRP. In this study, we investigate stochastic optimization methods for MRP systems under demand uncertainty. A two‐stage and a multi‐stage model are proposed to deal with the static‐static and static‐dynamic decision frameworks, respectively. We first derive structural properties of the two‐stage and multi‐stage models to provide insights on the differences between the plans created with these two models. As multi‐stage stochastic programs are not convenient in real‐world applications, several practical enhancements are proposed. First, to address scalability issues, we employ heuristics in combination with advanced sampling methods. Second, to allow real‐time static‐dynamic decisions, we derive a policy from the solution of the multi‐stage model. Third, to deal with the dynamic‐dynamic decision framework, we employ a rolling horizon implementation. The effectiveness and performance of stochastic optimization for MRP are validated by numerical experiments, which demonstrate that the stochastic optimization approaches have the potential to generate significant cost savings compared to traditional methods for production planning and safety stocks determination.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame distilled prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. Learned from the 10,348 direct Codex labels and 10,348 direct Gemma labels. Candidate is the union of thresholded teacher heads; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels or direct frontier model labels.

metaresearch head score (Codex)0.000
metaresearch head score (Gemma)0.000
Version: codex-gemma-dda1882f352aValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Simulation or modeling · Consensus signal: Simulation or modeling
GenreCandidate signal: Empirical · Consensus signal: none
Teacher disagreement score0.801
Threshold uncertainty score0.801

Codex and Gemma teacher scores by category

CategoryCodexGemma
Metaresearch0.0000.000
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0000.000
Bibliometrics0.0000.000
Science and technology studies0.0010.000
Scholarly communication0.0010.001
Open science0.0000.000
Research integrity0.0000.000
Insufficient payload (model declined to judge)0.0000.000

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.062
GPT teacher head0.266
Teacher spread0.204 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one teacher head, not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
Study designSimulation or modeling
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations63
Published2020
Admission routes1
Has abstractyes

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