Forecasting and strategic inventory placement for gas turbine aftermarket spares
Name
175303895-MIT.pdf
Description
Full printable version
Size
5.35 MB
Format
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Checksum (MD5)
a63ecc8e93179552cf7cecf98d97159c
Author(s)
Simmons, Joshua T. (Joshua Thomas)
Advisor(s)
David E. Hardt and Roy E. Welsch.
Date Issued
2007
Publisher
Massachusetts Institute of Technology
Abstract
This thesis addresses the problem of forecasting demand for Life Limited Parts (LLPs) in the gas turbine engine aftermarket industry. It is based on work performed at Pratt & Whitney, a major producer of turbine engines. The author worked in the Global Materials Solutions program, Pratt & Whitney's latest business venture, in which they will provide OEM quality materials for the CFM56 engine manufactured by CFM International. The new business venture required a forecasting method that did not rely heavily on customer input or historic demand. A forecast was developed using publicly available aircraft utilization history for the LLPs in the aircraft. In addition, a methodology was proposed for the remaining parts that will be studied in a future LFM internship. In addition, an inventory placement analysis was completed for the GMS LLP supply chain.
Description
Thesis (M.B.A.)--Massachusetts Institute of Technology, Sloan School of Management; and, (S.M.)--Massachusetts Institute of Technology, Dept. of Mechanical Engineering; in conjunction with the Leaders for Manufacturing Program at MIT, 2007.
Includes bibliographical references (p. 63-64).
Subjects
Sloan School of Management.
Mechanical Engineering.
Leaders for Manufacturing Program.
MIT Department
Leaders for Manufacturing Program at MIT
Massachusetts Institute of Technology. Department of Mechanical Engineering
Sloan School of Management
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