Accession Number : AD0702456

Title :   INVENTORY MODELS WITH A TYPE OF DEPENDENT DEMAND AND FORECASTING, WITH AN APPLICATION TO REPAIR,

Corporate Author : CENTER FOR NAVAL ANALYSES ARLINGTON VA

Personal Author(s) : Brown,George F. , Jr. ; Corcoran,Timothy M. ; Lloyd,Richmond M.

Report Date : 10 FEB 1970

Pagination or Media Count : 9

Abstract : In general, the single-product inventory model in which demands in successive periods are not independent is difficult to treat. The paper defines a large class of such problems, when there is a positive lead time for delivery, which can be treated by the classical formulation with a single state variable. All results which hold for inventory models with a constant delivery lag can be shown to hold also for the model. An application is made to a system in which demands are generated by part failure and in which a portion of these failures are repaired after a given (constant or probabilistic) time. (Author)

Descriptors :   (*INVENTORY ANALYSIS, MATHEMATICAL MODELS), LEAD TIME, INVENTORY CONTROL, SPARE PARTS, MAINTENANCE, DECISION MAKING, PROBABILITY DENSITY FUNCTIONS, MATHEMATICAL PREDICTION, COSTS

Subject Categories : Administration and Management

Distribution Statement : APPROVED FOR PUBLIC RELEASE