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1673. Complexities in high-tech manufacturing
Invited abstract in session WB-12: YW4OR_2, stream WISDOM - Women in OR.
Wednesday, 10:30-12:00Room: 13 (building: 116)
Authors (first author is the speaker)
| 1. | Mirjam Meijer
|
| Kühne Logistics University |
Abstract
High-tech manufacturers produce and assemble state-of-the art products that consist of many complex components sourced from dozens of suppliers. Examples are the production of lithography machines by ASML or the production of aircraft by Boeing or Airbus. To assemble these high-tech end-products and deliver them to the customers, it is important that all required components are available as shortage of a single component may lead to costly delivery delays of the end-product and large inventories of other components. This requires sufficient capacity of the suppliers, who face their own trade-offs and may be hesitant to invest in too much capacity, or high inventory buffers, which is also costly and increases the risk of obsolescence. In this talk, we will discuss such challenges, resulting trade-offs and their effects on optimizing the decisions.
Keywords
- Stochastic Models
- Manufacturing
Status: accepted
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