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Management of a high mix production system with interdependent demands : simulation of proposed policies

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dc.contributor.advisor Stanley B. Gershwin. en_US
dc.contributor.author Chugh, Samarth en_US
dc.contributor.other Massachusetts Institute of Technology. Dept. of Mechanical Engineering. en_US
dc.date.accessioned 2010-05-25T19:21:47Z
dc.date.available 2010-05-25T19:21:47Z
dc.date.copyright 2009 en_US
dc.date.issued 2009 en_US
dc.identifier.uri http://hdl.handle.net/1721.1/54870
dc.description Thesis (M. Eng.)--Massachusetts Institute of Technology, Dept. of Mechanical Engineering, 2009. en_US
dc.description This electronic version was submitted by the student author. The certified thesis is available in the Institute Archives and Special Collections. en_US
dc.description Cataloged from student-submitted PDF version of thesis. en_US
dc.description Includes bibliographical references (p. 92-94). en_US
dc.description.abstract The finished goods inventory management in the accessories area of a material testing company is complex. There is interdependence between the demands of products and they can be sold both as part of systems and as individual after sales items. Besides, there is uncertainty in determining replenishment lead times. An optimization problem is formulated considering customer satisfaction, inventory holding costs and correlation between demands. To ascertain its validity, a discrete event simulation is executed over historical demand. Simulation also helps to check the solution robustness by executing the proposed inventory levels over statistically generated demands. The result provides the right mix of finished products which should be stored on the shelves. 90% reduction in lost sales and 35% in inventory value on hand have been projected. The results have been further implemented at the part level inventory. en_US
dc.description.statementofresponsibility by Samarth Chugh. en_US
dc.format.extent 94 p. en_US
dc.language.iso eng en_US
dc.publisher Massachusetts Institute of Technology en_US
dc.rights M.I.T. theses are protected by copyright. They may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission. See provided URL for inquiries about permission. en_US
dc.rights.uri http://dspace.mit.edu/handle/1721.1/7582 en_US
dc.subject Mechanical Engineering. en_US
dc.title Management of a high mix production system with interdependent demands : simulation of proposed policies en_US
dc.type Thesis en_US
dc.description.degree M.Eng. en_US
dc.contributor.department Massachusetts Institute of Technology. Dept. of Mechanical Engineering. en_US
dc.identifier.oclc 611978084 en_US


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