Abstract

In this paper, we describe an application of prescriptive analytics to enhance data-driven decision making at a specialty steel bar products supplier and manufacturer in North America. As part of the company’s daily business, it must make available-to-promise (ATP) decisions, which determine in real time the dates by which it can promise delivery of products that customers requested during the quotation stage. Previously, a salesperson had to make such decisions by analyzing reports on available inventory. To support these ATP decisions, we developed a real-time decision support system (DSS) to find an optimal assignment of the available inventory and to support additional what-if analysis. The DSS uses a suite of mixed-integer programming models and commercial software to solve the models. The company has incorporated the DSS into its enterprise resource planning system to seamlessly facilitate its use of business analytics.

Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.