Managing Uncertainty in Production Planning for Fast-Moving Consumer Goods: A Linear Programming and Monte Carlo Simulation Framework

Author:

Olanrele Oladeji Oluniyi1,Ismaila Salami Olasunkanmi2,Adeaga Oyetunde Adeoye3,Adeyemi Oluseyi Afolabi4,Akintaro Akinwale Stephen5

Affiliation:

1. First Technical University,Department of Computer and Industrial & Production Engineering,Ibadan,Nigeria

2. Federal University of Agriculture,Department of Mechanical Engineering,Abeokuta,Nigeria

3. First Technical University,Department of Mechanical and Mechatronics Engineering,Ibadan,Nigeria

4. School of Physics, Engineering and Computer Science, University of Hertfordshire,Hertfordshire,United Kingdom

5. University of Ibadan,Department of Mechanical Engineering,Ibadan,Nigeria

Publisher

IEEE

Reference19 articles.

1. Bayesian approach to hazard rate models for early detection of warranty and reliability problems using upstream supply chain information

2. Production planning for perishable products: A literature review;chakraborty;International Journal of Engineering Research and Applications,2016

3. Product Mix Optimization Based on Monte Carlo Simulation: A Case Study

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