Forecasting and strategic inventory placement for gas turbine aftermarket spares
Author(s)Simmons, Joshua T. (Joshua Thomas)
Leaders for Manufacturing Program.
David E. Hardt and Roy E. Welsch.
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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.
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).
DepartmentSloan School of Management.; Massachusetts Institute of Technology. Dept. of Mechanical Engineering.; Leaders for Manufacturing Program.
Massachusetts Institute of Technology
Sloan School of Management., Mechanical Engineering., Leaders for Manufacturing Program.