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TITLE: A bulb acquisition planning model for a Chilean lily flower enterprise
SPEAKER: Alejandro MacCawley
ABSTRACT:
The acquisition process for raw materials in the flower industry involves a large number of technical, biological and economic variables. We develop a Bulb Acquisition Planning (BAP) mixed integer optimization model (MIP). The model incorporates aspects such as substitutability, precocity, risk diversification, seasonality, and inventory among others. The model was implemented using enterprise data from production planning executed in the past season. The results of the BAP model and the executed plan are compared in this talk with respect to cost, container programming and inventory maintenance.
