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An interview with Norm Jerome: BP

AIMMS

Take scheduling for example. The rail fleet is often the source of binding constraints, as you must have sufficient cars on hand to meet your shipping schedule, yet car transit and holding times are constantly changing and stochastic in nature, making it difficult to forecast whether cars will be available when and where you need them.

article thumbnail

An interview with Norm Jerome: BP

AIMMS

Take scheduling for example. The rail fleet is often the source of binding constraints, as you must have sufficient cars on hand to meet your shipping schedule, yet car transit and holding times are constantly changing and stochastic in nature, making it difficult to forecast whether cars will be available when and where you need them.

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