Capacity planning under demand and manufacturing uncertainty for biologics
Name
1014332605-MIT.pdf
Description
Full printable version
Size
12.61 MB
Format
Adobe PDF
Checksum (MD5)
b0e2c4a2405a107d1678a85a4764ee92
Author(s)
Luo, Sifo
Advisor(s)
Ozgu Turgut.
Date Issued
2017
Publisher
Massachusetts Institute of Technology
Abstract
Due to the long lead times and complexity in drug development and approval processes, pharmaceutical companies use long range planning to plan their production for the next 10 years. Capacity planning is largely driven by the long-term demand and its forecast uncertainty. The impact of uncertainties at manufacturing level, such as factory productivity and production success rate, are not entirely taken into account since only the average values of each manufacturing parameter are used. Can we better allocate production among manufacturing facilities when both demand and manufacturing uncertainties are considered? In this thesis a stochastic optimization approach is followed to minimize the deviation from target capacity limit under different manufacturing and demand scenarios. The mixed integer linear model incorporates the impact of demand and manufacturing variation on production allocation among manufacturing facilities through Monte Carlo generated scenarios. The thesis model is designed in a way that can be used as a decision tool to perform robust capacity planning at the strategic level.
Description
Thesis: M. Eng. in Supply Chain Management, Massachusetts Institute of Technology, Supply Chain Management Program, 2017.
Cataloged from PDF version of thesis.
Includes bibliographical references (page 58).
Subjects
Supply Chain Management Program.
MIT Department
Massachusetts Institute of Technology. Supply Chain Management Program
Terms of Use
MIT theses may be protected by copyright. Please reuse MIT thesis content according to the MIT Libraries Permissions Policy, which is available through the URL provided.
Persistent DSpace Link
