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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 |
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.
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.