Analytical Evaluation of Hierarchical Planning Systems

Dempster MAH, Fisher ML, Jansen L, Lageweg BJ, Lenstra JK, & Rinnooy Kan AHG (1984). Analytical Evaluation of Hierarchical Planning Systems. IIASA Research Report (Reprint). IIASA, Laxenburg, Austria: RR-84-004. Reprinted from Operations Research, 29(4):707-716 [doi:10.1287/opre.29.4.707] [1981].

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Abstract

Hierarchical planning systems have become popular for multilevel decision problems. After reviewing the concept of hierarchical planning and citing some examples, the authors describe a method for analytic evaluation of a hierarchical planning system. They show that multilevel decision problems can be nicely modeled as multistage stochastic programs. Then any hierarchical planning system can be measured against the yardstick of optimality in this stochastic program. They demonstrate this approach on a hierarchical system that can be shown to be asymptotically optimal for a job shop design/scheduling problem.

Item Type: Monograph (IIASA Research Report (Reprint))
Research Programs: System and Decision Sciences - Core (SDS)
Bibliographic Reference: Reprinted from Operations Research; 29(4):707-716 [doi:10.1287/opre.29.4.707] [1981]
Depositing User: IIASA Import
Date Deposited: 15 Jan 2016 01:54
Last Modified: 19 Jul 2016 07:17
URI: http://pure.iiasa.ac.at/2407

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