Accession Number : AD0694946

Title :   AN INVESTMENT MODEL FOR REPARABLE ASSETS: THE F-4 CASE,

Corporate Author : CENTER FOR NAVAL ANALYSES ARLINGTON VA INST OF NAVAL STUDIES

Personal Author(s) : Rose,M.

Report Date : JUL 1969

Pagination or Media Count : 168

Abstract : This study develops an investment model for reparable assets. These assets include items such as end products (aircraft, ship, etc.) and the recoverable parts which comprise these end products. The model is applicable to firms which operate a number of end products and maintain a rework facility for periodic servicing of the end products. The problem is to find the minimum-cost combination of repair resources (equipment, labor, and spares) and end products in order to obtain a given level of available end products. After the model has been developed, it is applied to the case of those F-4 aircraft scheduled to be reworked at the North Island Naval Air Rework Facility. It will be shown that the mix of resources supporting the existing F-4 operating level is not optimal; two alternative courses of action are set forth. (Author)

Descriptors :   (*JET FIGHTERS, MAINTENANCE), (*MAINTENANCE, COST EFFECTIVENESS), MATHEMATICAL MODELS, MANAGEMENT ENGINEERING, INVENTORY CONTROL, MAINTENANCE PERSONNEL, MAINTENANCE EQUIPMENT, SPARE PARTS, TIME STUDIES, OPERATIONS RESEARCH, SCHEDULING, PROCUREMENT, PROBABILITY DENSITY FUNCTIONS, RANDOM VARIABLES, INVENTORY ANALYSIS, EFFICIENCY

Subject Categories : Administration and Management
      Economics and Cost Analysis

Distribution Statement : APPROVED FOR PUBLIC RELEASE