In a recent paper, Chen and Ji [Chen, K., Ji, P., 2007. A mixed integer programming model for advanced planning and scheduling (APS). European Journal of Operational Research 181, 515-522] develop a mixed integer programming model for advanced planning and scheduling problem that considers...

Sometimes a complex stochastic decision system undertakes multiple tasks called events, and the decision-maker wishes to maximize the chance functions which are defined as the probabilities of satisfying these events. Originally introduced by Liu and Iwamura [B. Liu, K. Iwamura, Modelling...

We introduce a novel strategy to address the issue of demand estimation in single-item single-period stochastic inventory optimisation problems. Our strategy analytically combines confidence interval analysis and inventory optimisation. We assume that the decision maker is given a set of past...