Accession Number : AD0754985

Title :   A Multi-User Circulation Inventory Model,

Corporate Author : CALIFORNIA UNIV LOS ANGELES WESTERN MANAGEMENT SCIENCE INST

Personal Author(s) : Miller,Bruce L.

Report Date : NOV 1972

Pagination or Media Count : 23

Abstract : The paper studies a model arising from an Air Force inventory application where items circulate among different user locations and a repair center. The decision-making consists in deciding which user location should receive an item coming out of repair. The model is formulated as a discrete time-multi-state variable dynamic programming problem. A heuristic decision rule called the Transportation Time Look Ahead policy is presented along with some simulation results. The main result of the paper is a theorem wherein the Transportation Time Look Ahead policy is shown to be optimal for a modified version of the original model. (Author)

Descriptors :   (*AIR FORCE EQUIPMENT, *INVENTORY CONTROL), (*DYNAMIC PROGRAMMING, DECISION THEORY), MAINTENANCE, SPARE PARTS, RANDOM VARIABLES, PROBABILITY, MATHEMATICAL MODELS

Subject Categories : Operations Research
      Logistics, Military Facilities and Supplies

Distribution Statement : APPROVED FOR PUBLIC RELEASE