Accession Number : AD0624252

Title :   AN ANALYSIS OF THE INVENTORY RANGE PROBLEM,

Corporate Author : PLANNING RESEARCH CORP LOS ANGELES CA

Personal Author(s) : Clark, Andrew J.

Report Date : 01 JUL 1962

Pagination or Media Count : 101

Abstract : In contrast with inventory problems that are concerned with when and how much to order of a given repair part, an analysis is made as to which of the many parts in a complex equipment should be considered for stockage as repair parts. An analytic model is developed that provides inventory range decisions that minimize total repair and inventory support costs at a given maintenance activity. The way in which parts are interrelated in the equipment parts hierarchy is explicitly recognized in the model. As by-products, the model prescribes the kind of repair actions to apply to a failed unit of the equipment and, indirectly, the kind and amount of repair capability that should be provided. The model has potential application to other problems involving the parts hierarchy, such as determining optimal module sizes. (Author)

Descriptors :   *INVENTORY ANALYSIS, MAINTENANCE, MATHEMATICAL MODELS, CATALOGS, DECISION THEORY, COSTS, INVENTORY CONTROL.

Subject Categories : Logistics, Military Facilities and Supplies

Distribution Statement : APPROVED FOR PUBLIC RELEASE