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Robust Production Planning in Fashion Apparel Industry under Demand Uncertainty via Conditional Value at Risk
Joint Authors
Teucke, Michael
Ait-Alla, Abderrahim
Lütjen, Michael
Beheshti-Kashi, Samaneh
Karimi, Hamid Reza
Source
Mathematical Problems in Engineering
Issue
Vol. 2014, Issue 2014 (31 Dec. 2014), pp.1-10, 10 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2014-04-29
Country of Publication
Egypt
No. of Pages
10
Main Subjects
Abstract EN
This paper presents a mathematical model for robust production planning.
The model helps fashion apparel suppliers in making decisions concerning allocation of production orders to different production plants characterized by different lead times and production costs, and in proper time scheduling and sequencing of these production orders.
The model aims at optimizing these decisions concerning objectives of minimal production costs and minimal tardiness.
It considers several factors such as the stochastic nature of customer demand, differences in production and transport costs and transport times between production plants in different regions.
Finally, the model is applied to a case study.
The results of numerical computations are presented.
The implications of the model results on different fashion related product types and delivery strategies, as well as the model’s limitations and potentials for expansion, are discussed.
Results indicate that the production planning model using conditional value at risk (CVaR) as the risk measure performs robustly and provides flexibility in decision analysis between different scenarios.
American Psychological Association (APA)
Ait-Alla, Abderrahim& Teucke, Michael& Lütjen, Michael& Beheshti-Kashi, Samaneh& Karimi, Hamid Reza. 2014. Robust Production Planning in Fashion Apparel Industry under Demand Uncertainty via Conditional Value at Risk. Mathematical Problems in Engineering،Vol. 2014, no. 2014, pp.1-10.
https://search.emarefa.net/detail/BIM-506588
Modern Language Association (MLA)
Ait-Alla, Abderrahim…[et al.]. Robust Production Planning in Fashion Apparel Industry under Demand Uncertainty via Conditional Value at Risk. Mathematical Problems in Engineering No. 2014 (2014), pp.1-10.
https://search.emarefa.net/detail/BIM-506588
American Medical Association (AMA)
Ait-Alla, Abderrahim& Teucke, Michael& Lütjen, Michael& Beheshti-Kashi, Samaneh& Karimi, Hamid Reza. Robust Production Planning in Fashion Apparel Industry under Demand Uncertainty via Conditional Value at Risk. Mathematical Problems in Engineering. 2014. Vol. 2014, no. 2014, pp.1-10.
https://search.emarefa.net/detail/BIM-506588
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-506588