The annualisation of working hours (i.e., the irregular distribution of the total number of working hours over the course of a year) makes it possible to adapt production capacity to fluctuations in demand. The required capacity, which is an essential data for the optimal planning of working time, usually depends on several complex factors. Often, it is impossible to reliably predict the required capacity or it is unrealistic to adjust it to a probability distribution. In some cases, it is possible to determine a set of required capacity scenarios, each with a related probability. This paper presents a multistage stochastic optimisation model that provides a robust solution (i.e., feasible for any possible scenario) and minimises the expected total capacity shortage.
CitationLusa, A.; Corominas, A.; Muñoz, N. "A multistage scenario optimisation procedure to plan annualised working hours under demand uncertainty". International Journal of Production Economics, 2008, Vol. 113, No. 2, p. 957-968.
All rights reserved. This work is protected by the corresponding intellectual and industrial property rights. Without prejudice to any existing legal exemptions, reproduction, distribution, public communication or transformation of this work are prohibited without permission of the copyright holder. If you wish to make any use of the work not provided for in the law, please contact: email@example.com