A Multi Objective Model For Fish Processed Production Planning Under Uncertainty

International Journal of Computer Trends and Technology (IJCTT)
© 2014 by IJCTT Journal
Volume-16 Number-4
Year of Publication : 2014
Authors : Sawaluddin , Herman Mawengkang
DOI :  10.14445/22312803/IJCTT-V16P131


Sawaluddin , Herman Mawengkang. "A Multi Objective Model For Fish Processed Production Planning Under Uncertainty". International Journal of Computer Trends and Technology (IJCTT) V16(4):128-132, Oct 2014. ISSN:2231-2803. www.ijcttjournal.org. Published by Seventh Sense Research Group.

Abstract -
In Indonesia one of the very important factor for economic development is marine fisheries. Besides being the most affordable source of animal protein in the diet of most people in the country, this industrial sector could contribute environmental degradation. This paper addresses a multi-objective stochastic programming model of the sustainable production planning of fish processed products. The model takes into account conflicting goals such as return and financial risk and environmental costs. The uncertainty comes from the reliability of financial risk. Starting from it two single objective models are formulated: a maximum expected return model and a minimum financial risk (waste penalties) model. We transform the stochastic programming model into a deterministic optimization model using covariance approach.

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Environmental Production Planning, Stochastic Programming, Modelling, Financial risk.