Accession Number : AD0760528

Title :   Heuristics for Computing Variable Safety Levels/Economic Order Quantities for Reparable Items.

Descriptive Note : Final rept.,

Corporate Author : ARMY LOGISTICS MANAGEMENT CENTER FORT LEE VA

Personal Author(s) : Gajdalo,Steven

Report Date : FEB 1973

Pagination or Media Count : 166

Abstract : The report evaluates via computer simulations heuristics for computing the reorder points and reorder quantities for procuring and repairing. Heuristics are evaluated for both the continuous review and the periodic review replenishment policies. The heuristics apply to routinely managed reparable items at the wholesale level of supply. These are items for which replenishment from procurement and repair are significant sources of stock replenishment and for which the economies of batching are worthwhile. The heuristics attempt to minimize a cost function which includes costs of holding serviceable and unserviceable stock, set-up costs for procuring and repairing, and time weighted backorder cost. (Author)

Descriptors :   (*ARMY PROCUREMENT, INVENTORY CONTROL), (*REPLACEMENT THEORY, MATHEMATICAL MODELS), INVENTORY ANALYSIS, LEAD TIME, ECONOMICS, STATISTICAL ANALYSIS, RANDOM VARIABLES, PROBABILITY DENSITY FUNCTIONS, COMPUTER PROGRAMS

Subject Categories : Logistics, Military Facilities and Supplies

Distribution Statement : APPROVED FOR PUBLIC RELEASE