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.
Enjoy this presentation? View upcoming LGO web seminars.
- March 31, 2011 13:29
- All Rights Reserved (What is this?)
- Additional Files
- 10867 times
More from LGO
Added 1 month ago | 00:01:04 | 268 views
Added over 2 years ago | 00:50:25 | 3572 views
Added over 2 years ago | 00:38:46 | 4094 views
Added over 1 year ago | 00:55:49 | 2128 views
Added almost 3 years ago | 00:03:09 | 6465 views
Added over 3 years ago | 00:13:07 | 6880 views