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