Accession Number : AD0615828

Title :   PRACTICAL ASPECTS OF ECONOMIC ORDER QUANTITIES,

Corporate Author : AIR FORCE LOGISTICS COMMAND WRIGHT-PATTERSON AFB OHIO OPERATIONS ANALYSIS OFFICE

Personal Author(s) : Presutti,Victor J. ,Jr. ; Katz,Irving

Report Date : MAY 1965

Pagination or Media Count : 62

Abstract : The study was designed to improve logistic rationing procedures. In the process of making the changes several special purpose estimates of the demand rate were used, a departure from typical multi-purpose applications of a single estimate. A computer simulation of the new procedures is described. It reveals that the changes simultaneously reduce costs and increase support effectiveness. Initial efforts to improve safety levels are also discussed. These are made a function of the unit cost for each line item, in an effort to obtain the most protection per dollar invested, across the entire inventory of almost a million line items.

Descriptors :   (*LOGISTICS, INVENTORY CONTROL), (*INVENTORY CONTROL, LOGISTICS), (*INVENTORY CONTROL, LOGISTICS), AIR FORCE LOGISTICS COMMAND, MANAGEMENT PLANNING AND CONTROL, AIR FORCE PROCUREMENT, COSTS, COMPUTERS, SIMULATION, MATHEMATICAL ANALYSIS, PROBABILITY, TABLES(DATA), OPERATIONS RESEARCH

Distribution Statement : APPROVED FOR PUBLIC RELEASE