Optimizing sales and production rollover strategies under stochastic demand and random yield

Justus Arne Schwarz; Barış Tan; O. Karabag

Optimizing sales and production rollover strategies under stochastic demand and random yield

Justus Arne Schwarz
, Barış Tan
, O. Karabag

Operations Planning Accounting & Control

Research output: Contribution to conference › Paper › Academic

Abstract

A product rollover takes place if a product generation is replaced by its successor. We propose a stylized model that captures a stochastic demand and production process and the substitution effects between generations. Structural insights into the impact of the stochastic variability on the optimal rollover decisions are discussed.

Original language	English
Publication status	Published - 2 May 2019
Event	Production and Operations Management Society (POMS) 2019 - Duration: 2 May 2019 → 6 May 2019

Conference

Conference	Production and Operations Management Society (POMS) 2019
Period	2/05/19 → 6/05/19

Keywords

Product rollover
Random capacity

Cite this

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title = "Optimizing sales and production rollover strategies under stochastic demand and random yield",

abstract = "A product rollover takes place if a product generation is replaced by its successor. We propose a stylized model that captures a stochastic demand and production process and the substitution effects between generations. Structural insights into the impact of the stochastic variability on the optimal rollover decisions are discussed.",

keywords = "Product rollover, Random capacity",

author = "Schwarz, \{Justus Arne\} and Barı{\c s} Tan and O. Karabag",

year = "2019",

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language = "English",

note = "Production and Operations Management Society (POMS) 2019 ; Conference date: 02-05-2019 Through 06-05-2019",

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T1 - Optimizing sales and production rollover strategies under stochastic demand and random yield

AU - Schwarz, Justus Arne

AU - Tan, Barış

AU - Karabag, O.

PY - 2019/5/2

Y1 - 2019/5/2

N2 - A product rollover takes place if a product generation is replaced by its successor. We propose a stylized model that captures a stochastic demand and production process and the substitution effects between generations. Structural insights into the impact of the stochastic variability on the optimal rollover decisions are discussed.

AB - A product rollover takes place if a product generation is replaced by its successor. We propose a stylized model that captures a stochastic demand and production process and the substitution effects between generations. Structural insights into the impact of the stochastic variability on the optimal rollover decisions are discussed.

KW - Product rollover

KW - Random capacity

M3 - Paper

T2 - Production and Operations Management Society (POMS) 2019

Y2 - 2 May 2019 through 6 May 2019

ER -

Optimizing sales and production rollover strategies under stochastic demand and random yield

Abstract

Conference

Keywords

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Cite this