
Accession Number : AD0686056
Title : DESCRIPTION OF THE COMPUTER PROGRAM FOR METRIC A MULTIECHELON TECHNIQUE FOR RECOVERABLE ITEM CONTROL,
Corporate Author : RAND CORP SANTA MONICA CALIF
Personal Author(s) : Close,A. Frances ; Gilleen,Colleen A.
Report Date : MAR 1969
Pagination or Media Count : 120
Abstract : A user's manual including program printout, for the METRIC system of optimizing Air Force depot and base stock levels of highcost lowdemand items. Since demand for recoverable items is randomly distributed, METRIC assumes a logarithmic Poisson distribution of demand for each item and applies Bayesian inference to assign probabilities to the set of possible future demands. The program can handle a system of one depot and up to 20 bases, assuming that base inventory policy is to reorder one unit whenever one is demanded; the criterion is minimal expected backorders at base level, considering backorders in terms of days of unfilled demand for any item at any base. The program ignores lateral resupply between bases, does not allow batching of items for repair or resupply, and assumes all items to be reparable either at base or depot level. New procurement is optimized, or existing assets are redistributed optimally, so as to (1) minimize backorders for a given investment, (2) minimize investment for a given backorder level, or (3) apply a predetermined Lagrange multiplier to the ratio of decrease in backorders/unit cost. Fill rates are also computed. (Author)
Descriptors : (*AIR FORCE EQUIPMENT, INVENTORY CONTROL), (*INVENTORY CONTROL, COMPUTER PROGRAMS), SUPPLY DEPOTS, SPARE PARTS, COSTS, CONSUMPTION, PROBABILITY, MATHEMATICAL PREDICTION, MATHEMATICAL MODELS, OPTIMIZATION
Subject Categories : Computer Programming and Software
Logistics, Military Facilities and Supplies
Distribution Statement : APPROVED FOR PUBLIC RELEASE