10. It is the process in manufacturing that ensures you have sufficient raw materials, labor and resources in order to produce finished products to schedule.
The corporate production planning is a complex optimization problem since it involves nonlinearities of chemical/industrial processes, discrete variables to support the decision-making process, large dimensions due to the detailed models of many plants, and uncertainty due to market/demand fluctuation and volatility.
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Answer:
The corporate production planning is a complex optimization problem since it involves nonlinearities of chemical/industrial processes, discrete variables to support the decision-making process, large dimensions due to the detailed models of many plants, and uncertainty due to market/demand fluctuation and volatility.