Analysis and cost versus reliability in a multi-echelon supply chain for a chemical plant
Name
303666085-MIT.pdf
Description
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14.3 MB
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Checksum (MD5)
3fe855c5201c81b05d7308fb8cb1b9a3
Author(s)
Li, Nan, M. Eng. Massachusetts Institute of Technology
Zhang, Guanghao
Advisor(s)
Chris Caplice.
Alternative Title
Analysis and cost vs. reliability in a multi-echelon supply chain for a chemical plant
Date Issued
2008
Publisher
Massachusetts Institute of Technology
Abstract
The object of the thesis is to develop a simple approach or heuristic for managing various types of uncertainty within a chemical production/inventory system. Later the company can use it to minimize the total cost at any required Cycle Service Level (CSL) under variable demand and production reliability. To solve this problem, we will base historical data to estimate the distribution type, the average demand and the standard deviation for the production line and initially assume that some factors like holding cost, penalty cost, demand and lead-time affect the production/inventory policy. Then, based on the above data and assumptions we build a model in Excel and then simulate some cases where change variables input. The model then is verified by Geert-Jan van Houtum Methodology. Finally, we will carry out the outcome analysis to capture the essence or insights of the multi-echelon problem.
Description
Thesis (M. Eng. in Logistics)--Massachusetts Institute of Technology, Engineering Systems Division, 2008.
Includes bibliographical references (leaves 62-63).
Subjects
Engineering Systems Division.
MIT Department
Massachusetts Institute of Technology. Engineering Systems Division
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