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Mathematical models for Aggregate Production Planning (APP) typically omit the dynamics of the underlying production system due to variable workload levels since they assume fixed capacity buffers… (More)
The purpose of this paper is to convince the reader of the usefulness of an integrated financial-operational model and simultaneously help to understand the complex relationships between operational… (More)
Operational models are typically used to optimize operational measures such as lead time, work-in-process or throughput. Unfortunately, these models often do not take into account the financial… (More)