publication . Article . 2015

The Role of Heuristic Methods as a Decision-Making Tool in Aggregate Production Planning

Mahmood B. Ridha;
Open Access
  • Published: 01 Jan 2015 Journal: International Journal of Business Administration, volume 6, issue 2 March, pages 68-76
Abstract
This study aims to explain the role of heuristic methods in the decision making process and as a tool for knowledge capture. As a result, we conclude that heuristic methods give better support to the decision maker than mathematical models in many cases especially when time and cost are critical factors in decision making.
Subjects
free text keywords: heuristic method, production planning, decision making, dynamic programming
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