Risk management in integrated budgeting-scheduling models for the batch industry
نویسندگان
چکیده
This paper addresses integrated scheduling, planning and budgeting with financial risk management in the batch chemical process industries. A cash flow and budgeting model is coupled with an advanced planning and scheduling procedure using a two-stage stochastic formulation. The results of the integrated model are compared with the results of the sequential use of scheduling followed by budgeting. Finally the model is extended to manage financial risk.
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