Accession Number : AD0627644

Title :   A SYSTEM APPROACH TO BASIC STOCKAGE OF RECOVERABLE ITEMS,

Corporate Author : RAND CORP SANTA MONICA CALIF

Personal Author(s) : Feeney,G. J. ; Sherbrooke,C. C.

Report Date : DEC 1965

Pagination or Media Count : 46

Abstract : The concluding Memorandum in a series (AD-605 515, -613 470, -615 261) describing a system approach to setting base stock levels on recoverable items. Application of the system approach is demonstrated and its advantages indicated: (1) a Bayesian procedure, using data on all items in the supply system, to provide improved demand estimates for individual items; (2) a system cost-effectiveness curve displaying realistic alternatives; (3) a mechanism for examining sensitivity to parameter changes; and (4) comparison of different stockage policies. (Author)

Descriptors :   (*INVENTORY ANALYSIS, INVENTORY CONTROL), (*INVENTORY CONTROL, INVENTORY ANALYSIS), PROBABILITY, DISTRIBUTION(ECONOMICS), LOGISTICS, INVENTORY CONTROL, MAINTENANCE, AIR FORCE PROCUREMENT, MILITARY SUPPLIES

Subject Categories : Logistics, Military Facilities and Supplies

Distribution Statement : APPROVED FOR PUBLIC RELEASE