Accession Number : AD0691731

Title :   ECONOMIC RETENTION LIMITS.

Descriptive Note : Final rept.,

Corporate Author : ARMY LOGISTICS MANAGEMENT CENTER FORT LEE VA

Personal Author(s) : Kaplan,Alan J.

Report Date : JUN 1969

Pagination or Media Count : 51

Abstract : Decision rules are formulated to be used by National Inventory Control Points in deciding whether to retain or dispose of stock in excess of their normal stockage quantities. These rules are justified. Separate rules are formulated for reparable and non-reparable types of secondary items. A number of related problems are solved including: determination of multi-year holding costs, determination of when to accept materiel offered to the control point by other supply organizations, determination of when to incur penalties in order to cancel or reduce procurement contracts. (Author)

Descriptors :   (*INVENTORY CONTROL, MANAGEMENT PLANNING AND CONTROL), DECISION MAKING, ARMY EQUIPMENT, PROBLEM SOLVING, COSTS, CONTRACTS, MAINTENANCE, MATHEMATICAL MODELS, LOGISTICS

Subject Categories : Administration and Management
      Logistics, Military Facilities and Supplies

Distribution Statement : APPROVED FOR PUBLIC RELEASE