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Inventory management of components in assembly systems

Updated: 7-March-97

Student: Jeremie Gallien
Companies: HP
Advisor: Professor Lawrence M. Wein
Contact Info: (617)-225-6712
jgallien@mit.edu
Organization: MIT Operations Research Center
Address: 77 Massachusett Ave.
E40-130
Cambridge, MA 02139

Project Goals

The goal of this project is to develop new tools for analyzing the inventory management of assembly systems with long stochastic leadtimes and a large number of components. The key starting point of this work is to combine Extreme Value theory with Queueing Networks theory.

Project Progress

Some theoretical work has led to a complete closed form solution of a slightly simplified version of the problem. Numerical analysis is in progress, and the results obtained so far are very promising. We have obtained some data from a Hewlett-Packard facility and are in the process of developing a simulation model that is representative of their environment.

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