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| Title
| - Multiperiod Planning Strategies with Simultaneous Consideration of DemandFluctuations and Capacity Expansion
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| Abstract
| - Considerable attention has been given to multiperiod planning in process communities in order to hedgeagainst varying conditions. The negative impact of variations can be minimized by preparing production andinventory levels of the current and future operations. This paper aims to highlight how external conditions inthe planning model are synchronized with internal process operations to obtain the maximum effect. Twostrategies are discussed. One is to modify the external condition, mainly varying demands, suitable for theplant operation, and the other is to expose explicit constraints limiting capacity expansion based on actualexpansion times in the model. Two numerical examples are presented to illustrate the potential of the proposedstrategies with some discussion on applying these strategies in practice.
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