Inventory Systems in Practice Or “How I got out of doing the last two questions on the final exam”

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Presentation transcript:

Inventory Systems in Practice Or “How I got out of doing the last two questions on the final exam”

The Project Upgrade the Hood Line to enable the production of another vehicle model and increase output from 800 units per day to 825 units per day Responsibility: Design, Manufacturing, Commissioning, Hood Design Interface, and “connections”

System View

Project View

Inventory Control The number of carts is fixed at four (4) per model. Each cart hold ten (10) hoods: 40 units of inventory maximum per model (+ safety stock) Carts are designed to be as large as ergonomically possible and are to number as few as possible. Do the class models give the same answers?

Estimating the parameters µ: Both the Weld Line and the Hood Line had the same production goal 825 units per day. Line speed set to 840 units per day  60.0 seconds per unit cycle time. MTTR, MTTF:...

MTTF, MTTR From design data: 15 minutes per day of downtime. From discussion: There is 2-6 failures per day. This information needed some verification. From operating policy: There is 840 minutes per day of production time. (in min)

The Answer The deterministic processing time model says that we need 40 units of inventory space. Why? The production rate (µ) is defined Demand rate is defined Inventory space is defined Only MTTR and MTTF can vary But: These quantities are highly correlated and controlled by the same person. System is a tradeoff between maintenance and inventory space.