Internal dynamics of the short-term commercial aircraft engine leasing market
Name
958660634-MIT.pdf
Description
Full printable version
Size
7.39 MB
Format
Adobe PDF
Checksum (MD5)
b50018e5a266b7f1b4b5fcb735def545
Author(s)
Kellogg, Erin C
Advisor(s)
Hazhir Rahmandad and Hamsa Balakrishnan.
Date Issued
2016
Publisher
Massachusetts Institute of Technology
Abstract
General trends in the commercial aircraft aftermarket indicate an increased reliance of leased engines in operators' spare engine strategies. A methodology for forecasting short-term engine lease demand is developed using Pratt & Whitney's existing simulation capability. This method demonstrates the ability to estimate demand mean and variance. This forecast is then used in a single SKU inventory model to set inventory levels. Using historical data this method demonstrates the ability to recommend inventory levels that minimize stock outs. A less computationally intensive system dynamics model is then constructed to replicate the lease demand forecasting model. Sensitivity analysis is performed using the system dynamic model and influential parameters are identified. The results of the sensitivity study are used to propose and test a new sales strategy for short-term engine lessors.
Description
Thesis: M.B.A., Massachusetts Institute of Technology, Sloan School of Management, 2016. In conjunction with the Leaders for Global Operations Program at MIT.
Thesis: S.M., Massachusetts Institute of Technology, Department of Aeronautics and Astronautics, 2016. In conjunction with the Leaders for Global Operations Program at MIT.
Cataloged from PDF version of thesis.
Includes bibliographical references (pages 71-72).
Subjects
Sloan School of Management.
Aeronautics and Astronautics.
Leaders for Global Operations Program.
MIT Department
Leaders for Global Operations Program at MIT
Massachusetts Institute of Technology. Department of Aeronautics and Astronautics
Sloan School of Management
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