Thesis/Capstone
Publication Date
Authored by
Philip J. Hodge, Joshua D. Lemaitre
Advisor(s): Stephen C. Graves
Topic(s) Covered:
  • Inventory
Abstract

This project developed a simulation model to determine the optimal inventory position when using a Kanban replenishment system for a heavy machinery manufacturing company. The model uses a stepwise optimization approach, targeting the total relevant cost as the objective function. We created for the company a generalized consumption-based treatment, which predicts optimal inventory settings for parts within 3 bins’ accuracy.

Author: Philip J. Hodge and Joshua D. Lemaitre
Advisor: Stephen C. Graves

Attachment(s)
Abstract
Presentation