Accession Number : AD0736540

Title :   A Stochastic Repairable Item Inventory Model.

Descriptive Note : Master's thesis,

Corporate Author : NAVAL POSTGRADUATE SCHOOL MONTEREY CALIF

Personal Author(s) : Wilson,Michael George

Report Date : SEP 1971

Pagination or Media Count : 41

Abstract : A model is constructed of a repairable item inventory system where on-hand stocks are resupplied both by repair and procurement. The basic properties of the model are analyzed. A Poisson failure process is assumed, and steady state probabilities are found for operation of the model under <R,Q> and <S-1,S> inventory policies. Further, a compound Poisson failure process under an <S-1.S> inventory policy is also analyzed. Measures of supply performance, such as expected number of backorders per unit time, are derived for the system under the various policies. (Author)

Descriptors :   (*INVENTORY CONTROL, MATHEMATICAL MODELS), REPLACEMENT THEORY, STOCHASTIC PROCESSES, NAVAL EQUIPMENT, PROBABILITY DENSITY FUNCTIONS, RANDOM VARIABLES, APPROXIMATION(MATHEMATICS), RELIABILITY, THESES

Subject Categories : Operations Research
      Logistics, Military Facilities and Supplies

Distribution Statement : APPROVED FOR PUBLIC RELEASE