Simulation of Finished Goods Inventory - Next Step Towards Factory Simulation
(2012) MTT920 20121Packaging Logistics
- Abstract
- Purpose: This Master Thesis has the purpose of creating a simulation model of a finished goods inventory at one of the Company’s factories. In addition, an improved layout should be proposed.
Design/Approach: A simulation study using discrete-event simulation has been performed in the recommended steps by various literatures. A thorough study was made to identify the stakeholders and the relevant requirements set on the finished goods inventory.
Originality/Value: The Company has adapted a long term strategy regarding the usage of virtual engineering to stay competitive and remain as market leaders. The model of the finished goods inventory will be an important part of a detailed factory simulation. The model should also be used to... (More) - Purpose: This Master Thesis has the purpose of creating a simulation model of a finished goods inventory at one of the Company’s factories. In addition, an improved layout should be proposed.
Design/Approach: A simulation study using discrete-event simulation has been performed in the recommended steps by various literatures. A thorough study was made to identify the stakeholders and the relevant requirements set on the finished goods inventory.
Originality/Value: The Company has adapted a long term strategy regarding the usage of virtual engineering to stay competitive and remain as market leaders. The model of the finished goods inventory will be an important part of a detailed factory simulation. The model should also be used to evaluate different layouts in the finished goods inventory to find improvements. The improvements will hopefully reduce the life-cycle cost of the packaging material which is produced in the factory.
Limitations: The Master Thesis is only focusing on the Finished Goods Inventory in Arganda, Spain. Only the finished goods of packaging material are taken into consideration.
Findings: A simulation model has been created which is fully compatible with a factory simulation model. In addition an improved layout of the FGI has been presented. If the layout is implemented, the annual life-cycle cost of the packaging material will be reduced with 43000€. (Less)
Please use this url to cite or link to this publication:
http://lup.lub.lu.se/student-papers/record/2798529
- author
- Zulumovski, Daniel LU and Sandström, Marcus LU
- supervisor
- organization
- alternative title
- Simulering av Färdigvarulager - Nästa steg mot fabrikssimulering
- course
- MTT920 20121
- year
- 2012
- type
- H2 - Master's Degree (Two Years)
- subject
- keywords
- Packaging Logistics, discrete-event simulation, logistics, Production, Scenarios, Warehouse
- other publication id
- ISRN LUTMDN/TMFL–12/5098–SE
- language
- English
- id
- 2798529
- date added to LUP
- 2012-06-18 15:44:02
- date last changed
- 2012-06-18 15:44:02
@misc{2798529, abstract = {{Purpose: This Master Thesis has the purpose of creating a simulation model of a finished goods inventory at one of the Company’s factories. In addition, an improved layout should be proposed. Design/Approach: A simulation study using discrete-event simulation has been performed in the recommended steps by various literatures. A thorough study was made to identify the stakeholders and the relevant requirements set on the finished goods inventory. Originality/Value: The Company has adapted a long term strategy regarding the usage of virtual engineering to stay competitive and remain as market leaders. The model of the finished goods inventory will be an important part of a detailed factory simulation. The model should also be used to evaluate different layouts in the finished goods inventory to find improvements. The improvements will hopefully reduce the life-cycle cost of the packaging material which is produced in the factory. Limitations: The Master Thesis is only focusing on the Finished Goods Inventory in Arganda, Spain. Only the finished goods of packaging material are taken into consideration. Findings: A simulation model has been created which is fully compatible with a factory simulation model. In addition an improved layout of the FGI has been presented. If the layout is implemented, the annual life-cycle cost of the packaging material will be reduced with 43000€.}}, author = {{Zulumovski, Daniel and Sandström, Marcus}}, language = {{eng}}, note = {{Student Paper}}, title = {{Simulation of Finished Goods Inventory - Next Step Towards Factory Simulation}}, year = {{2012}}, }