TY  - UNPB
ID  - miis120
UR  - http://www.maths-in-industry.org/miis/120/
A1  - Gaur, Daya
TI  - An Optimal Strategy for Maintaining Excess Capacity

Y1  - 1998/06/05/
N2  - Boeing is a manufacturing industry with very low production volumes of very large units. As such, they experience huge fluctuations in demand. A standard inventory model dictates massive changes in production capacity as demand varies.  However all such models assume a continuous production stream. In this report we investigate the following question whether such a model is sensible in a problem of such large scale granularity. We describe a combination of stochastic, financial and simulation models to model the production of airplanes. A  preliminary simulation of the model is also presented.
AV  - public
ER  -