We concern ourselves with the process of making optimized production planning decisions in the face of low frequency, high impact uncertainty, which takes the form of a small number of discrete scenarios. Computational results provide evidence that the computational effort for the full stochastic mixed integer problem can be reduced by first solving scenario sub-problems and then blending them to find values for some of the binary variables.
Citation:
David L. Woodruff, Stefan Vo?, "Planning for a Big Bang in a Supply Chain: Fast Hedging for Production Indicators," hicss, vol. 2, pp.40c, Proceedings of the 39th Annual Hawaii International Conference on System Sciences (HICSS'06) Track 2, 2006