RT Journal Article
T1 On the product selection and plant dimensioning problem under uncertainty
A1 Ortuño Sánchez, María Teresa
A1 Alonso Ayuso, Antonio
A1 Escudero Bueno, Laureano Fernando
A1 Garín, A.
A1 Pérez, G.
AB We present a two-stage full recourse model for strategic production planning under uncertainty, whose aim consists of determining product selection and plant dimensioning. The main uncertain parameters are the product price, demand and production cost. The benefit is given by the product net profit over the time horizon minus the investment depreciation and operation costs. The Value-at-Risk and the reaching probability are considered as risk measures in the objective function to be optimized as alternatives to the maximization of the expected benefit over the scenarios. The uncertainty is represented by a set of scenarios. The problem is formulated as a mixed 0-1 Deterministic Equivalent Model. The strategic decisions to be made in the first stage are represented by 0-1 variables. The tactical decisions to be made in the second stage are represented by continuous variables. An approach for problem solving based on a splitting variable mathematical representation via scenario is considered. The problem uses the Twin Node Family concept within the algorithmic framework known as Branch-and-Fix Coordination for satisfying the nonanticipativity constraints. Some computational experience is reported.
PB Pergamon Elsevier Science
SN 0305-0483
YR 2005
FD 2005-08
LK https://hdl.handle.net/20.500.14352/50230
UL https://hdl.handle.net/20.500.14352/50230
LA eng
NO Alonso Ayuso, A, L Escudero, A Garin, M Ortuno, y G Perez. «On the Product Selection and Plant Dimensioning Problem under Uncertainty». Omega 33, n.o 4 (agosto de 2005): 307-18. https://doi.org/10.1016/j.omega.2004.05.001.
NO Universitat Politècnica de València
NO Dirección General de Coordinación y Estudios (España)
NO Madrid Ciencia y Tecnología
DS Docta Complutense
RD 6 abr 2025