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Simulation of Finished Goods Inventory - Next Step Towards Factory Simulation

Zulumovski, Daniel LU and Sandström, Marcus LU (2012) MTT920 20121
Packaging 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)
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author
Zulumovski, Daniel LU and Sandström, Marcus LU
supervisor
organization
alternative title
Simulering av Färdigvarulager - Nästa steg mot fabrikssimulering
course
MTT920 20121
year
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},
  keyword      = {Packaging Logistics,discrete-event simulation,logistics,Production,Scenarios,Warehouse},
  language     = {eng},
  note         = {Student Paper},
  title        = {Simulation of Finished Goods Inventory - Next Step Towards Factory Simulation},
  year         = {2012},
}