A Two-Level Interior-Point Decomposition Algorithm for Multi-Stage Stochastic Capacity Planning and Technology Acquisition

IJMOR, Volume 3, Issue 3, 2011.

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Abstract:

Abstract This paper describes a class of large-scale capacity planning problems under uncer- tainty. The uncertainty can arise in different dimensions of a production planning problem, and this paper is concerned with stochastic demand. Hence, we formulate a multi-stage stochastic program (MSP) to capture this uncertainty over time. Moreo...More

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