Accession Number : AD0702062

Title :   INSURANCE ITEMS STOCKAGE POLICIES.

Descriptive Note : Final rept.,

Corporate Author : ARMY LOGISTICS MANAGEMENT CENTER FORT LEE VA

Personal Author(s) : Deemer,Robert L.

Report Date : JAN 1970

Pagination or Media Count : 44

Abstract : Insurance items are items which are expected to fail infrequently, if at all. However, due to their high essentiality and long lead times a few spares are desired. A method of computing numerical stockage objectives is devised based on the method used for regular stocked items. However, the mean and variance of the demand distribution are initially developed from demand histories of all items considered insurance items two years ago. An updating procedure is employed which will give more weight to the individual item's history as such data are obtained. (Author)

Descriptors :   (*ARMY EQUIPMENT, INVENTORY CONTROL), MANAGEMENT PLANNING AND CONTROL, MATHEMATICAL PREDICTION, SPARE PARTS, PROBABILITY, LOGISTICS, STATISTICAL PROCESSES, DISTRIBUTION FUNCTIONS

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

Distribution Statement : APPROVED FOR PUBLIC RELEASE