Uncertainty Factors in Real Manufacturing Environment
Australian Journal of Basic and Applied Sciences, Vol. 3, No. 2, pp. 342-351, 2009
10 Pages Posted: 10 Nov 2009 Last revised: 11 Nov 2009
Date Written: November 8, 2009
The important part of managing uncertainty is identifying as many sources and factors of uncertainty as possible. The main purposes of this paper are to enhance the understanding of uncertainty – its sources, factors and effects on the system by documenting the current state of affairs. This paper is based on a comprehensive and up-to-date review of the existing literatures on manufacturing under uncertain conditions. The authors have identified the various sources and factors of uncertainty in manufacturing/production environment and adjusted the focus on the techniques and models used to tackle the storms. It is observed that that the combined effects/impacts of the uncertainty factors on the system parameters yet to be nattily studied.
Keywords: lead time, safety stock, demand, capacity constraints
JEL Classification: D81
Suggested Citation: Suggested Citation