A novel predictive-reactive rescheduling method for products assembly lines with optimal dynamic pegging

•Dynamic pegging coupled with rescheduling techniques reduce total scheduling costs.•Mixed integer programming can be used to combine dynamic pegging with rescheduling.•When rescheduling, predictive-reactive approach outperforms reactive-only approach.•Predictive-reactive approach is preferred when estimated input data is inaccurate.•Reactive-only approach is preferred when orders can get cancelled.