Uncertainty quantification with risk measures in production planning

URL:	https://arxiv.org/abs/1905.05014
Dokumenttyp:	Arbeitspapier
Erscheinungsjahr:	2019
Ort der Veröffentlichung:	Mannheim
Sprache der Veröffentlichung:	Englisch
Einrichtung:	Fakultät für Wirtschaftsinformatik und Wirtschaftsmathematik > Scientific Computing (Göttlich 2011-)
Fachgebiet:	510 Mathematik
Abstract:	This paper is concerned with a simulation study for a stochastic production network model, where the capacities of machines may change randomly. We introduce performance measures motivated by risk measures from finance leading to a simulation based optimization framework for the production planning. The same measures are used to investigate the scenario when capacities are related to workers that are randomly not available. This corresponds to the study of a workforce planning problem in an uncertain environment.