Abstract:Production planning in a multiproduct setting where the demands for different items are independent random variables that are also featured with a dynamic behavior over the planning horizon is a challenging task. With a particular focus on maintenance facilities, this study proposes a multistage stochastic programming (MSP) model for operations planning under independent random demand of faulty components in the modular‐structured devices (e.g., gas turbines) received for repair and overhaul services. A Lagran… Show more
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