Operative production planning utilising quantitative forecasting and Monte Carlo simulations
Demand forecasting is very often used in production planning, especially, when a manufacturer needs in a longer production cycle to respond flexibly to market demands. Production based on longer-term forecasts means bearing the risk of forecast unreliability in the form of finished product inventory...
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
De Gruyter
2019-12-01
|
| Series: | Open Engineering |
| Subjects: | |
| Online Access: | https://doi.org/10.1515/eng-2019-0071 |