A primal decomposition approach for the supply chain investment planning problem under demand uncertainty

Pinheiro De Oliveira, F and Hamacher, S 2012, 'A primal decomposition approach for the supply chain investment planning problem under demand uncertainty', in Proceedings of the FOCAPO 2012 - Foundations of Computer-Aided Process Operations / CPC VIII, 2012, Savannah, United States, 8-11 January 2012, pp. 1-6.


Document type: Conference Paper
Collection: Conference Papers

Title A primal decomposition approach for the supply chain investment planning problem under demand uncertainty
Author(s) Pinheiro De Oliveira, F
Hamacher, S
Year 2012
Conference name FOCAPO 2012
Conference location Savannah, United States
Conference dates 8-11 January 2012
Proceedings title Proceedings of the FOCAPO 2012 - Foundations of Computer-Aided Process Operations / CPC VIII, 2012
Publisher Carnegie Mellon University
Place of publication United States
Start page 1
End page 6
Total pages 6
Abstract This paper presents the application of a primal decomposition algorithm for the problem of supply chain investment planning under uncertainty applied to the petroleum products supply chain. The uncertainty considered is related with the unknown demand levels for oil products. For this purpose, a model was developed based on two-stage stochastic programming. It is proposed two different solution methodologies, one based on the classical cutting plane approach presented by Van Slyke and Wets (1969), and other, based on a multi cut extension of it, firstly introduced by Birge and Louveaux (1988). The methods were evaluated on a real sized case study. Preliminary numerical results obtained from computational experiments are encouraging.
Subjects Operations Research
Optimisation
Keyword(s) Supply Chain Investment Planning
Stochastic Optimization
Primal Decomposition.
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