Management of Stochastic Demand in Make-to-Stock Manufacturing

Management of Stochastic Demand in Make-to-Stock Manufacturing
Author :
Publisher : Peter Lang
Total Pages : 138
Release :
ISBN-10 : 3631594097
ISBN-13 : 9783631594094
Rating : 4/5 (094 Downloads)

Book Synopsis Management of Stochastic Demand in Make-to-Stock Manufacturing by : Rainer Quante

Download or read book Management of Stochastic Demand in Make-to-Stock Manufacturing written by Rainer Quante and published by Peter Lang. This book was released on 2009 with total page 138 pages. Available in PDF, EPUB and Kindle. Book excerpt: Up to now, demand fulfillment in make-to-stock manufacturing is usually handled by advanced planning systems. Orders are fulfilled on the basis of simple rules or deterministic planning approaches not taking into account demand fluctuations. The consideration of different customer classes as it is often done today requires more sophisticated approaches explicitly considering stochastic influences. This book reviews current literature, presents a framework that addresses revenue management and demand fulfillment at once and introduces new stochastic approaches for demand fulfillment in make-to-stock manufacturing based on the ideas of the revenue management literature.


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