Analyzing process flexibility: A distribution-free approach with partial expectations
Journal Article (Journal Article)
We develop a distribution-free model to evaluate the performance of process flexibility structures when only the mean and partial expectation of the demand are known. We characterize the worst-case demand distribution under general concave objective functions, and apply it to derive tight lower bounds for the performance of chaining structures under the balanced systems (systems with the same number of plants and products). We also derive a simple lower bound for chaining-like structures under unbalanced systems with different plant capacities.
Full Text
Duke Authors
Cited Authors
- Bidkhori, H; Simchi-Levi, D; Wei, Y
Published Date
- May 1, 2016
Published In
Volume / Issue
- 44 / 3
Start / End Page
- 291 - 296
International Standard Serial Number (ISSN)
- 0167-6377
Digital Object Identifier (DOI)
- 10.1016/j.orl.2016.02.008
Citation Source
- Scopus