Multi-echelon inventory optimization for an oil services company
Name
772145858-MIT.pdf
Description
Full printable version
Size
9.48 MB
Format
Adobe PDF
Checksum (MD5)
14527e13c105070cb9e1880055b315ab
Author(s)
Chalapong, Michael
Lazarus, Jake
Advisor(s)
Bruce Arntzen.
Date Issued
2011
Publisher
Massachusetts Institute of Technology
Abstract
In the oilfield services industry, healthy margins and the criticality of product availability have often over shadowed the need for operational efficiency. Although those factors have not changed, the emergence of stronger industry competition and challenging economic climates have prompted ABC company to explore efficiency gains via supply chain optimization. This thesis examines and assesses opportunities for ABC Company to employ statistical inventory models, understand a variety of factors that influence inventory levels and costs, and improve its network structure. As many inventory models are not designed to accommodate SKUs that have very low rates of consumption, we also propose a methodology that will provide operational guidance and cost implications to address these types of SKUs.
Description
Thesis (M. Eng. in Logistics)--Massachusetts Institute of Technology, Engineering Systems Division, 2011.
Cataloged from PDF version of thesis.
Includes bibliographical references (p. 56).
Subjects
Engineering Systems Division.
MIT Department
Massachusetts Institute of Technology. Engineering Systems Division
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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.
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