Massachusetts Institute of Technology
Sign in Create Account

Inventory and Variability — Dr. Stanley Gershwin

LGO Web Seminar Series

Dr. Stanley Gershwin, MIT Laboratory for Manufacturing Productivity

Inventory and Variability

Presentation date: December 13, 2010

Abstract: Variability is the enemy of manufacturing. Inventory is used to minimize the effects of variability, but it is undesirable and is itself minimized. In this talk, we analyze the interaction of variability, the propagation of variability, and inventory. We show some counter-intuitive effects of inventory on the propagation of variability and on how inventory can best be used. The way inventory space is distributed in a factory -- and not just the total amount of space -- can greatly affect production performance. A small amount of inventory can have almost as much benefit as a large amount. Inventory should be allocated where variability is greatest.

Biography: Stanley B. Gershwin is a Senior Research Scientist at the MIT Department of Mechanical Engineering and a member of the MIT Laboratory for Manufacturing and Productivity since 1988. Previously he held research posts at Bell Labs, the Draper Lab, and the Laboratory for Information and Decision Systems, and was Professor of Manufacturing Engineering at Boston University.

Read more about this webinar and the LGO Web Seminar Series.

Enjoy this presentation? View upcoming LGO web seminars.

Comments (0)

You need to log in, in order to post comments. If you don’t have an account yet, sign up now!

LGO

LGO

Category: Education | Updated 2 months ago

Created
March 31, 2011 13:29
Category
Tags
License
All Rights Reserved (What is this?)
Additional Files


Viewed
11333 times

More from LGO

Joseph Jimenez of Novartis on "A Defining Moment: The Future of Manufacturing in the U.S."

Joseph Jimenez of Novartis on "A De...

Added almost 3 years ago | 00:25:27 | 3866 views

Denise Johnson, LGO '97, on the value of LGO to industry partners

Denise Johnson, LGO '97, on the val...

Added over 3 years ago | 00:03:09 | 6929 views

Writing your LGO application essays

Writing your LGO application essays

Added over 1 year ago | 00:03:09 | 947 views

Rodney Brooks: "Will Our Consumer Goods Always Be Manufactured By Hand?"

Rodney Brooks: "Will Our Consumer G...

Added almost 3 years ago | 00:50:25 | 4093 views

Jeffrey Turner on "Transforming through the Challenges in Large Commercial Aerospace"

Jeffrey Turner on "Transforming thr...

Added almost 3 years ago | 00:37:18 | 3430 views

LGO/Sloan Hockey 2004

LGO/Sloan Hockey 2004

Added 1 year ago | 00:00:26 | 1201 views