Research Reports from the Department of Operations
Document Type
Report
Publication Date
11-1-1964
Abstract
This paper examines optimal stochastic scheduling, a framework that integrates deterministic activity vectors for the initial period and stochastic vectors for future periods to optimize expected outcomes across a sequence of time periods. Each stochastic schedule adapts to state conditions revealed incrementally, ensuring that revised schedules reflect updated data distributions. Adhering to the Optimality Principle, which disregards past operations, and the Planning Horizon Principle, which restricts considerations beyond a defined horizon, the approach ensures sequential optimization within and across planning periods. Key periods, such as the planning horizon, are critical due to their influence on the objective functional and operational risks. This methodology establishes a systematic process for achieving indefinite optimal schedules through successive planning horizons.
Keywords
Stochastic processes, Operations research, Production control, Planning--Mathematical models, Mathematical optimization
Publication Title
Technical Memorandums from the Department of Operations, School of Management, Case Western Reserve University
Issue
Technical memorandum no. 26
Rights
This work is in the public domain and may be freely downloaded for personal or academic use
Recommended Citation
Symonds, Gifford H., "Stochastic Scheduling - Part II The Location of Planning Horizons" (1964). Research Reports from the Department of Operations. 559.
https://commons.case.edu/wsom-ops-reports/559