2026-09-19T15:37:43Zhttps://dspace.mit.edu/server/oai/requestoai:dspace.mit.edu:1721.1/423192022-01-13T07:54:36Zcom_1721.1_7582com_1721.1_7581col_1721.1_131023
Stephen C. Graves.
Kok, Yixiong
Massachusetts Institute of Technology. Dept. of Mechanical Engineering.
Massachusetts Institute of Technology. Department of Mechanical Engineering
2008-09-03T15:19:41Z
2008-09-03T15:19:41Z
2007
2007
http://hdl.handle.net/1721.1/42319
232661147
Thesis (M. Eng.)--Massachusetts Institute of Technology, Dept. of Mechanical Engineering, 2007.
Includes bibliographical references (p. 66).
TCG is a multinational pharmaceutical company. As part of its drive to stay lean and competitive, TCG hopes to effectively maximize its capital assets by reducing warehouse inventory. This thesis aims to reduce the inventory of intermediate products through the use of fixed demand rate production planning and inventory controls. The production planning model attempts to derive the optimal production cycle time based on demand rates, production rates and setup times to prevent stock outs. The optimal cycle time should provide the optimal inventory levels for the intermediate products. The production planning model stabilizes the fluctuations in inventory levels and outperforms TCG's production plan in 2008 by 115 pallet spaces. With an order-up-to policy, the inventory level is capped at a maximum level, preventing uncontrolled accumulation of inventory of the intermediate products. This will prevent stock outs and stabilize inventory levels. Using an order-up-to policy to minimize the inventory, a reduction of up to 1.8% can be achieved.
by Yixiong Kok.
M.Eng.
70 p.
eng
Massachusetts Institute of Technology
M.I.T. theses are protected by
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.
http://dspace.mit.edu/handle/1721.1/7582
Mechanical Engineering.
The production planning and inventory management of intermediate products for a pharmaceutical company
Thesis
application/pdf
false
Publication
unknown
unknown
<Publication xmlns="https://www.openaire.eu/cerif-profile/1.1/" id="bd003af6-c096-4633-8610-9c71d5911819">
<Type xmlns="https://www.openaire.eu/cerif-profile/vocab/COAR_Publication_Types">http://purl.org/coar/resource_type/c_1843</Type>
<Language>eng</Language>
<Title>The production planning and inventory management of intermediate products for a pharmaceutical company</Title>
<PublishedIn>
<Publication>
</Publication>
</PublishedIn>
<PublicationDate>2007</PublicationDate>
<Authors>
<Author>
<DisplayName>Kok, Yixiong</DisplayName>
<Affiliation>
<OrgUnit>
</OrgUnit>
</Affiliation>
</Author>
</Authors>
<Editors>
</Editors>
<Publishers>
<Publisher>
<DisplayName>Massachusetts Institute of Technology</DisplayName>
<OrgUnit />
</Publisher>
</Publishers>
<License>http://dspace.mit.edu/handle/1721.1/7582</License>
<Keyword>Mechanical Engineering.</Keyword>
<Abstract>TCG is a multinational pharmaceutical company. As part of its drive to stay lean and competitive, TCG hopes to effectively maximize its capital assets by reducing warehouse inventory. This thesis aims to reduce the inventory of intermediate products through the use of fixed demand rate production planning and inventory controls. The production planning model attempts to derive the optimal production cycle time based on demand rates, production rates and setup times to prevent stock outs. The optimal cycle time should provide the optimal inventory levels for the intermediate products. The production planning model stabilizes the fluctuations in inventory levels and outperforms TCG's production plan in 2008 by 115 pallet spaces. With an order-up-to policy, the inventory level is capped at a maximum level, preventing uncontrolled accumulation of inventory of the intermediate products. This will prevent stock outs and stabilize inventory levels. Using an order-up-to policy to minimize the inventory, a reduction of up to 1.8% can be achieved.</Abstract>
<Access xmlns="http://purl.org/coar/access_right"
>
</Access>
</Publication>