Inventory optimization in high volume aerospace supply chains
Thesis (M.B.A.)--Massachusetts Institute of Technology, Sloan School of Management; and, (S.M.)--Massachusetts Institute of Technology, Engineering Systems Division; in conjunction with the Leaders for Global Operations Program at MIT, 2011.
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| Format: | Thesis |
| Language: | eng |
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Massachusetts Institute of Technology
2011
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| Online Access: | http://hdl.handle.net/1721.1/66057 |
| _version_ | 1826212401542856704 |
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| author | Masse, Brian Robert |
| author2 | David Simchi-Levi and Roy E. Welsch. |
| author_facet | David Simchi-Levi and Roy E. Welsch. Masse, Brian Robert |
| author_sort | Masse, Brian Robert |
| collection | MIT |
| description | Thesis (M.B.A.)--Massachusetts Institute of Technology, Sloan School of Management; and, (S.M.)--Massachusetts Institute of Technology, Engineering Systems Division; in conjunction with the Leaders for Global Operations Program at MIT, 2011. |
| first_indexed | 2024-09-23T15:21:07Z |
| format | Thesis |
| id | mit-1721.1/66057 |
| institution | Massachusetts Institute of Technology |
| language | eng |
| last_indexed | 2024-09-23T15:21:07Z |
| publishDate | 2011 |
| publisher | Massachusetts Institute of Technology |
| record_format | dspace |
| spelling | mit-1721.1/660572022-01-27T21:16:32Z Inventory optimization in high volume aerospace supply chains Masse, Brian Robert David Simchi-Levi and Roy E. Welsch. Leaders for Global Operations Program. Leaders for Global Operations Program at MIT Massachusetts Institute of Technology. Engineering Systems Division Sloan School of Management Sloan School of Management. Engineering Systems Division. Leaders for Global Operations Program. Thesis (M.B.A.)--Massachusetts Institute of Technology, Sloan School of Management; and, (S.M.)--Massachusetts Institute of Technology, Engineering Systems Division; in conjunction with the Leaders for Global Operations Program at MIT, 2011. Cataloged from PDF version of thesis. Includes bibliographical references (p. [51]). The supply chains of aerospace products can be complex, involving thousands of components per product and hundreds of vendors spaced out over an increasingly global landscape. Managing all inputs necessary for these complex aerospace supply chains is a task that is critical to the success of any firm and requires extensive planning, close partnerships, and detailed analysis. This thesis outlines a system for optimal safety stock management in high volume aerospace supply chains. Given such supply chain parameters as component inventory values, procurement and manufacturing lead times, demand distributions, and bills of material, the ideal safety stock locations and sizes which result in minimal overall inventory levels are calculated by a nonlinear optimization program. With this safety stock structure, aerospace firms can operate their supply chains with higher customer service rates and lower inventory levels. A methodology is also developed to help aerospace companies improve their existing supply chains as efficiently as possible. Considering the limited time and resources available, a company may not be able to enhance all areas of its operations and determining where to improve with the greatest effect on customer service levels and inventory can be difficult. The framework developed provides general guidelines to ensure improvement resources are being deployed most efficiently. Finally, business environment and operations considerations are discussed to aid companies in the process of implementing supply chain improvements and instituting organizational change. by Brian Robert Masse. S.M. M.B.A. 2011-09-27T18:37:49Z 2011-09-27T18:37:49Z 2011 2011 Thesis http://hdl.handle.net/1721.1/66057 752955507 eng 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 49, [2] p. application/pdf Massachusetts Institute of Technology |
| spellingShingle | Sloan School of Management. Engineering Systems Division. Leaders for Global Operations Program. Masse, Brian Robert Inventory optimization in high volume aerospace supply chains |
| title | Inventory optimization in high volume aerospace supply chains |
| title_full | Inventory optimization in high volume aerospace supply chains |
| title_fullStr | Inventory optimization in high volume aerospace supply chains |
| title_full_unstemmed | Inventory optimization in high volume aerospace supply chains |
| title_short | Inventory optimization in high volume aerospace supply chains |
| title_sort | inventory optimization in high volume aerospace supply chains |
| topic | Sloan School of Management. Engineering Systems Division. Leaders for Global Operations Program. |
| url | http://hdl.handle.net/1721.1/66057 |
| work_keys_str_mv | AT massebrianrobert inventoryoptimizationinhighvolumeaerospacesupplychains |