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    Probabilistic assessment of loss in revenue generation in demand-driven production

    Access Status
    Fulltext not available
    Authors
    Hussain, Omar
    Dillon, Tharam
    Hussain, Farookh Khadeer
    Chang, Elizabeth
    Date
    2011
    Type
    Journal Article
    
    Metadata
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    Citation
    Hussain, Omar K. and Dillon, Tharam and Hussain, Farookh Khadeer and Chang, Elizabeth. 2011. Probabilistic assessment of loss in revenue generation in demand-driven production. Journal of Intelligent Manufacturing. [In Press]
    Source Title
    Journal of Intelligent Manufacturing
    DOI
    10.1007/s10845-011-0518-4
    ISSN
    0956-5515
    School
    Digital Ecosystems and Business Intelligence Institute (DEBII)
    URI
    http://hdl.handle.net/20.500.11937/20583
    Collection
    • Curtin Research Publications
    Abstract

    In Demand-driven Production with Just-in-Time inputs, there are several sources of uncertainty which impact on the manufacturer’s ability to meet the required customer’s demand within the given time frame. This can result in a loss of revenue and customers, which will have undesirable impacts on the financial aspects and on the viability of the manufacturer. Hence, a key concern for manufacturers in just-in-time production is to determine whether they can meet a specific level of demand within a given time frame, to meet the customers’ orders and also to achieve the required revenue target for that period of time. In this paper, we propose a methodology by which a manufacturer can ascertain the probability of not meeting the required demand within a given period by considering the uncertainties in the availability of production units and raw materials, and the loss of financial revenue that it would experience as a result.

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