Accession Number : AD0725873

Title :   Inventory Ordering Rules for Secondary Naval Air Stations.

Corporate Author : LOGISTICS MANAGEMENT INST WASHINGTON D C

Report Date : JUN 1971

Pagination or Media Count : 132

Abstract : The report describes proposed features of an inventory system for secondary Naval Air Stations. These features include (1) exponentially smoothed demand forecasts with trend projections, (2) constrained economic order quantities, (3) use of actual lead time distributions, (4) an economic risk equation to determine the acceptable probability of stock-out, (5) variable safety stocks and reorder levels reflecting demand distributions and acceptable stock-out risk, (6) automatic override of insurance and minimum stock quantities based on demand, (7) partial grouping of interchangeable reparable items for demand forecasting and stock management, (8) economic transfer and retention level criteria, (9) quarterly summaries to provide management data, (10) projected economic inventory investment value, and (11) methods of constraining inventory levels to meet funds constraints. The system is designed for an 8000 core position computer. (Author)

Descriptors :   (*NAVAL EQUIPMENT, *INVENTORY CONTROL), (*INVENTORY CONTROL, NAVAL AIR STATIONS), MANAGEMENT ENGINEERING, LOGISTICS, STATISTICAL PROCESSES, DECISION MAKING, COST EFFECTIVENESS, MATHEMATICAL PREDICTION, LEAD TIME, MATHEMATICAL MODELS, VALUE ENGINEERING, COMPUTER PROGRAMMING

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

Distribution Statement : APPROVED FOR PUBLIC RELEASE